GBP/USD could drop towards 1.5050 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, thinks the pair could grind lower to test the mid-1.5000s.

    Key Quotes

    “Against a firm dollar backdrop, look to appearances by the BOE’s Carney and Haldene later today for further cues”.

    “Any further disappointment (i.e., less hawkish than expected) from the latter front we think risks pulling the GBP-USD lower (aided on the margins by the still heavy EUR-GBP) from current levels. Multi-session, risks towards 1.5050 may remain not insignificant”.
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