4 Feb 2014
Flash: GBP/USD to 1.6250? - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that GBP/USD could push lower to 1.6250, if 1.6300 is breached.
Key Quotes
“Despite the dollar’s shakiness, the GBP/USD was sabotaged by a weaker than expected Jan manufacturing PMI reading of 56.7.”
“Going ahead, we continue to expect the GBP to remain susceptible to the downside on account of positioning and implicit danger of data disappointments ahead of the BOE on Thu. In the near term, if 1.6300 is violated, expect a drift towards 1.6250.”
Key Quotes
“Despite the dollar’s shakiness, the GBP/USD was sabotaged by a weaker than expected Jan manufacturing PMI reading of 56.7.”
“Going ahead, we continue to expect the GBP to remain susceptible to the downside on account of positioning and implicit danger of data disappointments ahead of the BOE on Thu. In the near term, if 1.6300 is violated, expect a drift towards 1.6250.”