Flash: GBP/USD eased in the wake of BOE remarks-OCBC Bank

FXstreet.com (Athens)- Emmanuel Ng of OCBC Bank, says that the GBP/USD eased in the wake of sustained cautionary remarks from BOE officials (Broadbent, Miles, Tucker) over the last two sessions.

Key Quotes

“Expect consolidative behavior to persist pending further cues although we retain a positive outlook for the pair in the interim, with 1.6100 expected to offer resistance for now.”

“On the downside, look for support towards the 1.5960 neighborhood.”