Flash: 1.63 handle on the cards? – OCBC

FXstreet.com (London) - Emmanuel Ng noted the recent activity around the UK economy data releases and is concerned for the downside in the unit.

Key Quote:

“GBP/USD The UK manufacturing PMI for December disappointed on Thursday and dragged the GBP/USD lower. If the 1.6400 floor is punctured decisively, further capitulation towards 1.6300 cannot be ruled out”.