GBP/USD risks tilted towards 1.4700 – OCBC

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, views that the election related uncertainty will keep GBP/USD pressured towards 1.4700.

Key Quotes

“The GBP-USD may find a partial crutch from near term dollar vulnerability although we note that background election-related caution is expected to prevail. As such, the pair may run into headwinds beyond 1.4800 and ahead of 1.4900 with risks we think oriented towards 1.4700.”