GBP/USD still a ‘sell on rallies’ – OCBC

FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng sees occasional gains in GBP/USD as selling opportunities.

Key Quotes

“Despite the near term capitulation of the broad dollar, a sell rally attitude in the cable may continue to remain in play (as has been the case for the better part of this year)”.

“At this juncture, investors may continue to ply a heavy 1.5000-1.5200 range”.