Cable to remain heavy – OCBC

FXStreet (Barcelona) - The Research Team at OCBC Bank sees cable being on the heavier side due to the dollar strength and sentiments around BoE policies.

Key Quotes

"GBP-USD broke below 1.5800 post the BOE Inflation Report and we grow increasingly dovish on the pair in the near term, especially if EUR-GBP manages to re-take the 0.7900 resistance."

"Multisession, cable may thus remain heavy on a mixture of the broad dollar story as well as sustained moderation of hawkish BOE expectations."