Flash: Conviction calls include tactically remaining long on GBP/USD – OCBC Bank

FXstreet.com (Barcelona) - FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, mentions that UK 2Q GDP numbers are on tap today with the GBP/USD buoyed by UK retail sales readings as well as a generally vulnerable dollar.

Key Quotes

“We stay positive on the GBP/USD with resistance levels largely unchanged around 1.6120 and 1.6165 while supports are still seen at 1.6000 before 1.5960.”

“Elsewhere, we heavy dovish on the EUR/GBP with the cross still contemplating the 0.8400 floor.”