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8 Jan 2014
Flash: Cable to remain in holding pattern - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank expects GBP/USD to remain largely in a holding pattern ahead of the first BOE MPC of the year tomorrow.
Key Quotes
“Market chatter that the central bank may strengthen the dovish undertones of its forward guidance.”
“The pair may be expected to hug the 1.6400 neighborhood in the interim but a move towards 1.6300 cannot be ruled out in the event of a sustained breach.”
Key Quotes
“Market chatter that the central bank may strengthen the dovish undertones of its forward guidance.”
“The pair may be expected to hug the 1.6400 neighborhood in the interim but a move towards 1.6300 cannot be ruled out in the event of a sustained breach.”