Flash: We remain positive on the GBP/USD – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, suggests that despite intra-day dollar weakness, the GBP was undermined by a disappointing Sep manufacturing PMI reading (56.7) and markets are likely to look towards the construction PMI due today for further cues.

Key Quotes

“As noted previously, we continue to stay constructive on the GBP/USD in the current circumstances and any breach above 1.6200 may see a test towards 1.6230 while supports are seen on dips towards 1.6160 and then 1.6100