25 May 2015
GBP/USD: risk centered on technicals – Scotiabank
FXStreet (Barcelona) - Eric Theoret, CFA, CMT, Currency Strategist at Scotiabank, notes that GBP/USD remains slave to broader developments and technicals as UK remains on holiday.
Key Quotes
“GBP is flat, quiet given the U.K. holiday. This week’s domestic releases are limited ahead of Thursday’s second Q1 GDP release, with near term risk centered on technicals and broader developments.”
“GBP gains above the 200 day MA 1.5573 appear increasingly challenged, and we look to potential support at 1.5457 the 21 day MA.”
Key Quotes
“GBP is flat, quiet given the U.K. holiday. This week’s domestic releases are limited ahead of Thursday’s second Q1 GDP release, with near term risk centered on technicals and broader developments.”
“GBP gains above the 200 day MA 1.5573 appear increasingly challenged, and we look to potential support at 1.5457 the 21 day MA.”