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18 Sep 2013
Flash: GBP/USD eyes firmly on BoE MPC - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that cooler than expected UK inflation numbers and a weak dollar environment saw the GBP/USD ending relatively flat on Tuesday.
Key Quotes
“Look to BOE MPC minutes (look for clues on discussion surrounding the forwardguidance as well as odds for further monetary easing) ahead of the FOMC later in the global day with the pair still seen supported on dips.”
“Expect consolidation to kick in around 1.5965 while an initial floor may be expected towards 1.5870.”
Key Quotes
“Look to BOE MPC minutes (look for clues on discussion surrounding the forwardguidance as well as odds for further monetary easing) ahead of the FOMC later in the global day with the pair still seen supported on dips.”
“Expect consolidation to kick in around 1.5965 while an initial floor may be expected towards 1.5870.”