FXStreet (Edinburgh) – Emmanuel Ng, FX Strategist at OCBC Bank has suggested selling the pair on occasional rallies.
Key Quotes
“GBP-USD may attempt to base build into the BOE MPC on Thursday although the 200-day MA (1.5354) may continue to impede on the upside”.
“Meanwhile, downside consolidation may well occur towards the 1.5200 neighborhood and we continue to favor a sell-rally posture at this juncture on the back of generalized USD resilience”.
(Market News Provided by FXstreet)