26 Mar 2014
GBP/USD leaves investors in thought - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank believes that investors are still trying to determine GBP/USD’s direction.
Key Quotes
"GBP/USD may remain bordered by the 55-day MA (1.6550) and 1.6475 on the downside, with investors still trying to determine if the data flow should continue to engender further GBP resilience.”
“If the 55-day MA is re-taken, this may work to shake off some of the pair’s recent malaise ahead of the UK GDP numbers on Friday."
Key Quotes
"GBP/USD may remain bordered by the 55-day MA (1.6550) and 1.6475 on the downside, with investors still trying to determine if the data flow should continue to engender further GBP resilience.”
“If the 55-day MA is re-taken, this may work to shake off some of the pair’s recent malaise ahead of the UK GDP numbers on Friday."