Flash: GBP/USD still expected to trade around 1.6200 – OCBC Bank

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank mentions that the GBP/USD managed to end higher on the day near the 1.6200 handle despite the disappointing CBI industrial trends data readings.

Key Quotes

“Meanwhile, the BOE’s Carney also revealed a less stringent liquidity framework for banks. Look towards 3Q GDP numbers for further domestic cues today and the pair may continue to ply recent ranges in the interim with the locus still expected around 1.6200.”