20 Jan 2015
GBP/USD sell on strength still preferred – OCBC Bank
FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, recommends fading occasional upticks, as the bearish tone still prevails.
Key Quotes
“GBP-USD eased in line with the broad dollar tone and despite the shallow recovery in the EUR-USD”.
“Domestic event risks for the pound may also emanate from the BOE MPC minutes tomorrow, especially internal discussions focus on moderating inflation risks”.
“In the interim, we would continue to fade any upticks in cable, with the 1.5035 floor likely to continue to loom”.
Key Quotes
“GBP-USD eased in line with the broad dollar tone and despite the shallow recovery in the EUR-USD”.
“Domestic event risks for the pound may also emanate from the BOE MPC minutes tomorrow, especially internal discussions focus on moderating inflation risks”.
“In the interim, we would continue to fade any upticks in cable, with the 1.5035 floor likely to continue to loom”.