GBP/USD risks a test of 1.5050 – OCBC

FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees the chance that spot could drop to the mid-1.5000s.

Key Quotes

“UK data points on Tuesday came in mixed while the BOE’s Carney failed to touch on monetary policy during his speech late Tuesday, leaving the GBP-USD slightly softer on the day”.

“Today, 2Q 15 GDP numbers are due and we continue to see risks of slippage into the 1.5050/80 neighborhood in the absence of supportive rhetoric from Carney”.