1. Hello Guest Click here to check FX Binary Point Financial Directory

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”.
    For more information, read our latest forex news.

Share This Page