GBP/USD fades in play at 1.32 area - Scotiabank

Analysts at Scotiabank explained that Sterling is struggling to improve against a generally softer USD. 

Key Quotes:

"Cable remains supported around 1.31 (weekly trend support – which has looked susceptible to a break) but the market continues to meet strong selling interest around 1.32. We see resistance between 1.3200/30, with 1.3230 equating to the 40-day MA. Look for range trading to extend between 1.30/1.32."