FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees further upside in spot depending on bouts of dollar weakness. Key Quotes “The BOE’s Forbes noted on Friday that a rate hike in the UK would “occur rather than later” but this failed to lend additional support to the GBP-USD”. “On the CFTC front, net leveraged GBP longs were cut for the 4th consecutive week and this may begin to cap the GBP-USD ahead of further headline risks”. “Supports are expected into the 55-day MA (1.5418) and the 200-day MA (1.5329) while a breach beyond 1.5490/00 may have to be reliant on renewed USD vulnerability”. For more information, read our latest forex news.