26 Sep 2014
GBP/USD consolidating around 1.6320 – OCBC Bank
FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees the pair stabilizing around the 1.6320 level.
Key Quotes
“The pound received an additional lift against the EUR on Thursday after the BOE’s Carney note that the point at which interest rates begin to normalize was “getting closer” although he added that judgment on when to raise rates has become more finely balanced in recent months, hikes would be gradual, and rates would peak at pre-crisis levels”.
“In the interim, the GBP-USD may anchor itself around the 1.6320 region amid the current global cross currents”.
Key Quotes
“The pound received an additional lift against the EUR on Thursday after the BOE’s Carney note that the point at which interest rates begin to normalize was “getting closer” although he added that judgment on when to raise rates has become more finely balanced in recent months, hikes would be gradual, and rates would peak at pre-crisis levels”.
“In the interim, the GBP-USD may anchor itself around the 1.6320 region amid the current global cross currents”.