Flash: We stay heavy on GBP/USD – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank suggests that the GBP/USD relapsed after a brief foray above 1.6000 despite positive readings from labor market numbers.

Key Quotes

“In the interim, we stay heavy on the pair pending further US fiscal headlines. If the support as 1.5940 is
violated, expect the pair to drift towards 1.5900 while 1.6000 is still expected to cap.”