GBP/USD to remain supported - OCBC Bank

FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank believes that GBP/USD may remain supported around 1.6790.

Key Quotes

“In addition to the weak dollar, the better expected industrial production data points hoisted the GBP/USD higher on Tuesday.”

“In the current dollar environment, the pair may remain slightly more supported although some hesitation is expected towards the 1.6790 neighborhood after yesterday’s run up.”