4 Mar 2014
Flash: GBP/USD eyes on 1.6600 breach - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank has his eyes on the GBP/USD 1.6600 level, watching for a violation.
Key Quotes
“The Feb manufacturing PMI turned in a better than expected performance at 56.9 but the pound was similarly weighed by geopolitical jitters. For today, look towards the construction PMI and a 1.6600-1.6800 range may hold in the interim.”
“Note however that any violation of 1.6600 on the back of heightened geopolitical tensions may prove precipitous, with little of consequence till 1.6500.”
Key Quotes
“The Feb manufacturing PMI turned in a better than expected performance at 56.9 but the pound was similarly weighed by geopolitical jitters. For today, look towards the construction PMI and a 1.6600-1.6800 range may hold in the interim.”
“Note however that any violation of 1.6600 on the back of heightened geopolitical tensions may prove precipitous, with little of consequence till 1.6500.”