GBP/USD may continue to move lower towards 1.5200 – OCBC

FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, views that with GBP/USD breaking below 1.5250 yesterday, a lower move towards 1.5200 is likely today.

Key Quotes

“While the BOE remained static as expected at its MPC, GBP-USD bubbled below 1.5250 in the face of broad dollar weakness on Thursday although the EUR-GBP continued to remain heavy”

“Intra-day, cable pair may continue to look to external influences any may continue to gravitate towards 1.5200.”