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21 Aug 2015
GBP/USD aims to 1.5750 – OCBC
FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees the likeliness of the pair to test the 1.5750 area in the near term.
Key Quotes
“UK data releases (i.e., retail sales) proved less than supportive intra-day but broad dollar weakness overtook the pair, lifting the GBP-USD from intra-day lows near 1.5600 to end flat to higher on the day”.
“In the near term, the GBP may continue to shadow the EUR while also remaining slightly sheltered from the uncertainty surrounding the EM complex. 1.5750 may remain the next possible upside waypoint”.
Key Quotes
“UK data releases (i.e., retail sales) proved less than supportive intra-day but broad dollar weakness overtook the pair, lifting the GBP-USD from intra-day lows near 1.5600 to end flat to higher on the day”.
“In the near term, the GBP may continue to shadow the EUR while also remaining slightly sheltered from the uncertainty surrounding the EM complex. 1.5750 may remain the next possible upside waypoint”.