GBP/USD weighed on by EUR/USD - OCBC Bank

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that GBP/USD was weighed by the EUR/USD on Thursday with the former now contemplating its 55-day MA (1.6581).

Key Quotes

“We remain on the sidelines (admittedly with an increasing heavy undertone) with respect to the pound against the dollar in the near term although the disappointing composite and services PMIs released yesterday may play into the hands of sterling doves.”