12 Nov 2013
Flash: Cable to remain top heavy ahead of BoE Inflation report - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that markets will look to the BOE Inflation Report tomorrow for UK-specific cues while inflation numbers scheduled for today may also sway monetary policy expectations pertaining to the BOE.
Key Quotes
“In the interim, GBP/USD may continue to remain top heavy with the pair still contemplating its 55-day MA at 1.5965 while 1.6000 is expected to be an initial resistance.”
“However, a sustained breach below would likely tip the pair back towards the 1.5900 floor.”
Key Quotes
“In the interim, GBP/USD may continue to remain top heavy with the pair still contemplating its 55-day MA at 1.5965 while 1.6000 is expected to be an initial resistance.”
“However, a sustained breach below would likely tip the pair back towards the 1.5900 floor.”