GBP/USD could test 1.5040 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - According to FX Strategist at OCBC Bank Emmanuel Ng, the British pound could slip towards the 1.5040 area in the near term.

    Key Quotes

    GBP-USD found a base on Wednesday following the less austere than expected budgetary review by finance minister Osborne”.

    “BOE rate hike expectations however remain in a flux and we think that it may remain at risk of being pushed back further going ahead”.

    “Directionally, we look for sustained risks to test towards 1.5040”.
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