1 Aug 2013
Flash: GBP/USD to slide into BoE today - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that on the back of sustained chattering regarding EUR/GBP buying interest, the GBP/USD continued to slide lower on Wednesday to trade on both sides of 1.5200.
Key Quotes
“Expect a heavy tone to persist ahead of the ECB/BOE later today and the BOE’s Inflation Report next week.”
“The pair may anchor itself around 1.5200 intra-day pending further news flow although the risk/reward may continue to favor a drift towards the 1.5100 area.”
Key Quotes
“Expect a heavy tone to persist ahead of the ECB/BOE later today and the BOE’s Inflation Report next week.”
“The pair may anchor itself around 1.5200 intra-day pending further news flow although the risk/reward may continue to favor a drift towards the 1.5100 area.”