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GBP/USD well supported around 1.5100 – OCBC

FXStreet (Edinburgh) - Occasional pullbacks in the pair could find decent support around the 1.5100 region, according to Emmanuel Ng, FX Strategist at OCBC Bank.

Key Quotes

“Sep services and composite PMI came in on the wrong side of expectations on Monday and the pair may remain top heavy given that hawkish BOE expectations may continue to be kept in check”.

“Expect initial support at 1.5100 before 1.5025 with the pair seen topping out on any approach of the 1.5000/50 region”.

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