28 Oct 2015
GBP/USD: door open for a test of 1.5250 – OCBC
FXStreet (Edinburgh) - In the opinion of FX Strategist at OCBC Bank Emmanuel Ng, the pair risks a test to the mid-1.5200s ahead of the 1.5200 handle.
Key Quotes
“The pound also succumbed to weaker than expected 3Q GDP numbers (+2.3% yoy) on Tuesday and markets may continue to fade intra-day upticks ahead of the FOMC”.
“A violation of 1.5300 on the downside we think risks further slippage towards 1.5250 before 1.5200”.
Key Quotes
“The pound also succumbed to weaker than expected 3Q GDP numbers (+2.3% yoy) on Tuesday and markets may continue to fade intra-day upticks ahead of the FOMC”.
“A violation of 1.5300 on the downside we think risks further slippage towards 1.5250 before 1.5200”.