11 Dec 2013
Flash: GBP/USD dips to be supported - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank is expecting any dips in GBP/USD to be supported.
Key Quotes
“October industrial production numbers posted no surprises with a 0.4% mom increase but the pound continued to derive mileage from somewhat encouraging comments from the BOE’s Carney from late Monday.”
“In the near term, we remain positive on the pair’s near term prospects and
any dips are expected to find support towards 1.6400 and then 1.6350.”
Key Quotes
“October industrial production numbers posted no surprises with a 0.4% mom increase but the pound continued to derive mileage from somewhat encouraging comments from the BOE’s Carney from late Monday.”
“In the near term, we remain positive on the pair’s near term prospects and
any dips are expected to find support towards 1.6400 and then 1.6350.”