10 Dec 2013
Flash: Neutral Carney pushes Cable higher - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that Carney’s neutrality propelled GBP/USD above 1.6400 last week.
Key Quotes
“Neutral to positive rhetoric from the BOE’s Carney on Monday propelled the GBP/USD higher past 1.6400.”
“In the near term, the pair may continue to push the envelope on the upside with the 1.6450 area
seen as an initial resistance, while the pair may also need to exhibit resilience on any retracement towards 1.6300 to meaningfully retain its recent gains.”
Key Quotes
“Neutral to positive rhetoric from the BOE’s Carney on Monday propelled the GBP/USD higher past 1.6400.”
“In the near term, the pair may continue to push the envelope on the upside with the 1.6450 area
seen as an initial resistance, while the pair may also need to exhibit resilience on any retracement towards 1.6300 to meaningfully retain its recent gains.”