Flash: GBP sidelined – OCBC

FXstreet.com (London) - Emmanuel Ng, strategist at OCBC notes Sterling in a phase awaiting next data.

Key Quotes:

“The GBP managed to hold its own against the USD with the better than expected UK construction PMI and any similar positive vibes from today’s services PMI may continue to keep the sterling underpinned”.

“In the near term, cable may remain on supported within a 1.5500-.5600 band”.