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31 Mar 2015
GBP/USD risks tilted for a move towards 1.4700 – OCBC
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, remains of the view that any upside climb in GBP/USD might be faded as risks are tilted for a move lower towards 1.4700.
Key Quotes
“GBP-USD succumbed to broad dollar strength with background UK political concerns and added weight penalty as the first day of the election campaign kicked off on Monday.”
“In the current environment, expect markets to fade any significant upward departures from 1.4800 with risks likely biased towards 1.4700.”
Key Quotes
“GBP-USD succumbed to broad dollar strength with background UK political concerns and added weight penalty as the first day of the election campaign kicked off on Monday.”
“In the current environment, expect markets to fade any significant upward departures from 1.4800 with risks likely biased towards 1.4700.”