26 Nov 2015
GBP/USD could test 1.5040 – OCBC
FXStreet (Edinburgh) - According to FX Strategist at OCBC Bank Emmanuel Ng, the British pound could slip towards the 1.5040 area in the near term.
Key Quotes
“GBP-USD found a base on Wednesday following the less austere than expected budgetary review by finance minister Osborne”.
“BOE rate hike expectations however remain in a flux and we think that it may remain at risk of being pushed back further going ahead”.
“Directionally, we look for sustained risks to test towards 1.5040”.
Key Quotes
“GBP-USD found a base on Wednesday following the less austere than expected budgetary review by finance minister Osborne”.
“BOE rate hike expectations however remain in a flux and we think that it may remain at risk of being pushed back further going ahead”.
“Directionally, we look for sustained risks to test towards 1.5040”.