13 Dec 2013
Flash: GBP/USD to base build ahead of next week - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank feels that GBP/USD may base build ahead of a busy week ahead for UK data.
Key Quotes
“The impetus for a firmer GBP/USD continues to be watered down from the dollar front and if 1.6300 is given, a move towards 1.6250 cannot be discounted.
“The data/event calendar for the UK is fairly crowded (not to mention the potential for volatility from the FOMC) next week and the pair may attempt to base build in the interim.”
Key Quotes
“The impetus for a firmer GBP/USD continues to be watered down from the dollar front and if 1.6300 is given, a move towards 1.6250 cannot be discounted.
“The data/event calendar for the UK is fairly crowded (not to mention the potential for volatility from the FOMC) next week and the pair may attempt to base build in the interim.”