Flash: GBP/USD swayed according to broader dollar sentiment – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank says that the the BOE remained static as expected at its MPC (no press conference) with asset markets showing little discernible reaction post-meeting.

Key Quotes

“The GBP/USD instead swayed according to broader dollar sentiment and we are now neutral on the pair pending further cues.”

“Technically, a breach below 1.5940 may see an attempt towards 1.5900 and then 1.5870 while initial resistance is seen towards 1.6000.”