Flash: GBP/USD continues to creep higher – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, says that the GBP/USD may continue to creep higher in concert with the majors in the near term with immediate resistance expected on approach of 1.6260 while any breach below 1.6200 may see a retracement back towards 1.6170.

Key Quotes

“The BOE Carney’s comments from late last week meanwhile may also continue to afford underlying support to GBP bulls despite the latest hiccup from the construction PMI yesterday.”

“Look towards the services PMI today for further domestic cues.”