Flash: GBP/USD was undermined on Wednesday – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, says that the GBP/USD was undermined on Wednesday after the manufacturing and trade deficit numbers came in on the wrong side of prior
market expectations.


“Look to the BOE MPC (1100 GMT) for further cues although we are increasingly neutral
towards the pair after the break below 1.6000. Next significant support is seen towards 1.5900.”