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2 Aug 2013
Flash: GBP/USD cautious ahead of BOE inflation report - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that GBP/USD looks nervous ahead of the BOE Inflation report.
Key Quotes
“With markets still remaining apprehensive towards the GBP ahead of the BOE Inflation Report and further details on the possible guise of forwards guidance, the GBP/USD may increasingly look top heavy, especially if the USD continues to flex higher.”
“Note that the pair has slipped below 1.5200 and has descended to the 1.5100 neighborhood, with little support of consequence expected till the key psychological 1.5000 area.”
Key Quotes
“With markets still remaining apprehensive towards the GBP ahead of the BOE Inflation Report and further details on the possible guise of forwards guidance, the GBP/USD may increasingly look top heavy, especially if the USD continues to flex higher.”
“Note that the pair has slipped below 1.5200 and has descended to the 1.5100 neighborhood, with little support of consequence expected till the key psychological 1.5000 area.”