FXStreet (Edinburgh) – In the opinion of Emmanuel Ng, FX Strategist at OCBC Bank, the pair could face a tough barrier around 1.5320.
Key Quotes
“Note that the GBP may remain a relative underperformer relative to the cyclicals ahead of the BOE MPC tomorrow given that hawkish BOE expectations have taken a slight hit in recent sessions”.
“In the interim, expect the 200-day MA (1.5322) to block with 1.5100 seen supporting on the downside”.
(Market News Provided by FXstreet)