GBP/USD to remain heavy – OCBC

FXStreet (Barcelona) - According to The OCBC Bank Research Team, GBP/USD will remain heavy in the interim as pound awaits the release of the BOE MPC minutes.

Key Quotes

“BOE MPC minutes (0930 GMT) are expected to be the highlight of the day (look for the voting pattern during the meeting to dictate sentiment) for the pound and our preference would be to remain heavy on the pair in the interim.”

“In a nutshell, any indications of a more measured demeanor within the BOE juxtaposed with any potential positive risks from the FOMC minutes later today may squeeze the pair towards 1.5500 in a hurry. “