GBP keeps the neutral stance – OCBC Bank

FXStreet (Edinburgh) - In the opinion of Emmanuel Ng, FX Strategist at OCBC Bank, the sterling remains neutral vs. the greenback although bid against the euro.

Key Quotes

“We continue to be directionally neutral on the GBP-USD with the pair still expected to be moored around the 1.6200 area till domestic (i.e., BOE) headlines induce further directionality”.

“On other fronts, note that the EUR-GBP (still mulling the 0.7800 threshold) may retain a heavy bias given the expected ECB-BOE dichotomy”.