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13 Aug 2013
Flash: GBP/USD eyes BoE minutes - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that GBP/USD slipped below 1.5500 on Monday in tandem with the rest of the majors while the EUR/GBP continued to test the 0.8600 floor.
Key Quotes
“Going ahead, investor attention this week may be on the slate of July prices indices due today and the BOE minutes on Wednesday although the BOE may not be reactive to positive surprises on the inflation front given its latest forward guidance.”
“A retest towards the 200-day MA (1.5529) cannot be ruled out if potential dollar strength fails to materialize in the coming sessions while supports on the downside are expected on approach of 1.5435 and then 1.5400.”
Key Quotes
“Going ahead, investor attention this week may be on the slate of July prices indices due today and the BOE minutes on Wednesday although the BOE may not be reactive to positive surprises on the inflation front given its latest forward guidance.”
“A retest towards the 200-day MA (1.5529) cannot be ruled out if potential dollar strength fails to materialize in the coming sessions while supports on the downside are expected on approach of 1.5435 and then 1.5400.”