7 Aug 2013
Flash: GBP/USD dips look shallow - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that GBP/USD believe that the pair has found support and dips ahead are set to be shallow.
Key Quotes
(GBP/USD) also found support from the better than expected June manufacturing numbers on Tuesday and dips in the pair going ahead may continue to be rather shallow, especially in the wake of recent encouraging spate of UK data and the dollar’s capitulation.”
“As noted above, look to the BOE Inflation Report later today with the supported tone in the EUR-GBP perhaps a manifestation of dovish expectations still surrounding the BOE. A 1.5300-1.5435 range may prevail in the interim.”
Key Quotes
(GBP/USD) also found support from the better than expected June manufacturing numbers on Tuesday and dips in the pair going ahead may continue to be rather shallow, especially in the wake of recent encouraging spate of UK data and the dollar’s capitulation.”
“As noted above, look to the BOE Inflation Report later today with the supported tone in the EUR-GBP perhaps a manifestation of dovish expectations still surrounding the BOE. A 1.5300-1.5435 range may prevail in the interim.”