Flash: GBP/USD may be dragged towards the 1.6000 area - OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank suggests that September monetary aggregates are on tap today while our ongoing neutral stance on the pair remains in force, especially after the BOE’s Dale noted on Monday that the option of further QE “remains firmly on the table”.

Key Quotes

“Note that any broad dollar resilience in the coming sessions may drag the GBP/USD back towards the 1.6000 neighborhood.”