FXStreet (Edinburgh) – Emmanuel Ng, FX Strategist at OCBC Bank, sees the chances of the pair to reach the mid-1.5600s.
Key Quotes
“With the Fed’s delay and still present BOE rate hike expectations, expect the GBP-USD to continue to stay aloft (mixed Aug retail sales numbers notwithstanding) in the near term while keeping a lookout for further potential upside”.
“The 55-day MA (1.5520) is now serving as a support after the overnight breach with 1.5640/50 likely to be eyed into the end of the week”.
(Market News Provided by FXstreet)