Flash: The GBP/USD heading lower? – OCBC

FXstreet.com (Guatemala) - Emmanuel Ng noted that the GBP/USD stumbled on disappointing November industrial production numbers but the subsequent pull from the broad dollar saw the pair reversing course.

Key Quotes:

“Going ahead, strength in the pair may prove transient if the UK data stream continues to disappoint”.

“Note that on the CFTC front, net GBP longs were also reduced slightly in the latest week and any failure to retake the 1.6500/20 area may confine the pair lower towards 1.6400 multi-session”.