Flash: GBP/USD erases intraday gains post FOMC - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that GBP/USD erased intra-day gains (transient boost from better than expected CBI orders data) post FOMC minutes on Wednesday and has dipped below 1.5650 in early trade on Thursday.

Key Quotes

“Elsewhere, note also dovish comments from the BOE’s Weale reported in the Daily Telegraph, and the GBP-USD may attempt to crack the 1.5600 floor if the broad dollar continues to gain traction.”

“Next support thereafter is expected around the 200-day MA (1.5519).”