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GBP/USD attempting a base near 1.6320 – OCBC Bank

FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees the likeliness of the GBP/USD to base in the 1.6320 neighbourhood.

Key Quotes

“With the furor over the Scottish referendum quickly ebbing and the broad dollar taking a breather, cable edged tentatively higher past 1.6350 with the EUR-GBP slipping to the 0.7850 floor”.

“Apart from the risk appetite landscape, expect investors to also resume their focus on BOE prospects”.

“In the interim, the pair may be expected to attempt to base build around the 1.6320 neighborhood pending further cues”.

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