In view of strategists at Westpac, the pair’s outlook remains a ‘sell on rallies’ towards the 1.4500 area.
Key Quotes
“GBP/USD looking increasingly content in its 1.40-1.45 range but suspect the range will be broken to the downside as we move closer to the EU membership referendum 23 June”.
“GBP a clear sell into 1.45 if seen.
(Market News Provided by FXstreet)