GBP/USD: next key support at 1.5200 – OCBC

FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, views that GBP/USD is likely to remain heavy ahead of the ECB meet and BOE interest rate decision.

Key Quotes

“With the violation of the 55-day MA (1.5300) on Wednesday, a heavy tone from the EUR (and in spite of a still heavy EUR-GBP) may continue to infect the GBP-USD ahead of the ECB/BOE later today.”

“Next key support is expected towards 1.5200.”