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4 Jun 2015
GBP/USD capped at 1.54 ahead of BoE rate decision – OCBC
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, believes that GBP/USD might remain in a 1.54-1.5250 range ahead of the Bank of England’s rate decision.
Key Quotes
“With May services/composite PMIs disappointing on Wednesday, a sharply higher EUR-GBP post-ECB kept cable pressured overnight.”
“The BOE MPC (1100 GMT) is today with the pair expected to remain in limbo in the interim with 1.5400 seen capping with 1.5250 expected to offer initial support.”
Key Quotes
“With May services/composite PMIs disappointing on Wednesday, a sharply higher EUR-GBP post-ECB kept cable pressured overnight.”
“The BOE MPC (1100 GMT) is today with the pair expected to remain in limbo in the interim with 1.5400 seen capping with 1.5250 expected to offer initial support.”