6 Mar 2015
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.”
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.”