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GBP/USD needs to break above 1.6415 for further upside – OCBC Bank

FXStreet (Edinburgh) - According to Emmanuel Ng, FX Strategist at OCBC Bank, the sterling needs to convincingly surpass 1.6415 in order to facilitate the way towards the upper-1.6900s.

Key Quotes

“Cable meanwhile may remain somewhat detached while attempting to establish a foothold within the 1.6300-1.6400 zone with GBP outperformance also manifesting via the EUR-GBP since the Scottish referendum”.

“In the near term, any ability to pierce and hold above 1.6415 may pave the way to 1.6487”.

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