5 Dec 2013
Flash: GBP/USD shaved ahead of BoE meet - OCBC Bank
Emmanuel Ng, FX Strategist at OCBC Bank notes that the November services PMI disappointed on Wednesday and shaved the GBP/USD slightly.
Key Quotes
“For today, look to event risks from the BOE/ECB while finance minister Osborne is expected to present the budget update.”
“In the interim, the 1.6400-1.6445 region may cap and any hiccups may see a consolidation back towards the 1.6355.”
“Note background concerns that the BOE may sound off against an excessively strong GBP.
Key Quotes
“For today, look to event risks from the BOE/ECB while finance minister Osborne is expected to present the budget update.”
“In the interim, the 1.6400-1.6445 region may cap and any hiccups may see a consolidation back towards the 1.6355.”
“Note background concerns that the BOE may sound off against an excessively strong GBP.