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16 Dec 2013
Flash: GBP/USD risks to the downside – OCBC
FXstreet.com (London) - FXstreet.com (London) - Emmanuel Ng, currency strategist at OCBC noted the that the impetus for a firmer GBP/USD continues to be watered down.
Key Quotes:
“The impetus for a firmer GBP/USD continues to be watered down from the dollar front and if 1.6300 is given, a move towards 1.6250 cannot be discounted”.
“The data/event calendar for the UK is fairly crowded (not to mention the potential for volatility from the FOMC) next week and the pair may attempt to base build in the interim”.
Key Quotes:
“The impetus for a firmer GBP/USD continues to be watered down from the dollar front and if 1.6300 is given, a move towards 1.6250 cannot be discounted”.
“The data/event calendar for the UK is fairly crowded (not to mention the potential for volatility from the FOMC) next week and the pair may attempt to base build in the interim”.