10 Mar 2015
GBP/USD: some support from EUR/GBP – OCBC
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, views that GBP/USD might remain slave to broad USD strength, but some support may be provided by the heavy EUR/GBP.
Key Quotes
“The line in the sand for the GBP-USD remains at 1.5000 with the underlying tone for the pair expected to be dominated by background dollar strength and uncertainty from the upcoming UK elections.”
“However, some support for the pair may be had from the still heavy EURGBP, with the cross contemplating a sustained break below 0.7200 on a multi-session basis.”
Key Quotes
“The line in the sand for the GBP-USD remains at 1.5000 with the underlying tone for the pair expected to be dominated by background dollar strength and uncertainty from the upcoming UK elections.”
“However, some support for the pair may be had from the still heavy EURGBP, with the cross contemplating a sustained break below 0.7200 on a multi-session basis.”