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ForexMedium•8 April 2026•

1 min read

Scotiabank Projects GBP/USD Rally to 1.35 Amid Strong Momentum

Two central bankers, Christine Lagarde and Thomas Jordan, with EU and Swiss flags, Euro and Swiss Franc symbols, and coins.

Key Facts

1Scotiabank projects the GBP/USD pair to target the 1.35 level.

2The pair is currently experiencing a strong rally supporting these projections.

Version History

2 additional sources confirmed this story

Scotiabank has issued a bullish forecast for the GBP/USD currency pair, targeting a rise to the 1.3500 level. The projection is supported by a strong ongoing rally and significant technical momentum observed in the pair's recent performance. Analysts at the bank noted that the current upward trend provides a solid foundation for further gains in the near term. While the forecast is primarily based on technical signals, it reflects growing confidence in the British Pound's strength against the US Dollar. Traders are closely monitoring these levels as the pair continues its upward trajectory toward the specified target. The 1.35 mark represents a key psychological and technical milestone for participants in the global forex market.