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GBP/USD attention returns to 1.6000 – OCBC Bank

FXStreet (Edinburgh) - According to Emmanuel Ng, FX Strategist at OCBC Bank, GBP/USD has the potential to re-visit the 1.6000 psychological handle.

Key Quotes

“The BOE MPC remained static with policy being left unchanged as expected while price action in the pair was dictated by the broad dollar”.

“After failing to overcome 1.6200, the pair may re-visit the 1.6000 floor if the dollar bites again. In the interim, we continue to remain short term neutral on the pair”.

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