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12 Feb 2014
Flash: GBP/USD top heavy into BoE IR - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that GBP/USD is likely to remain top heavy ahea dof today’s BoE Inflation Report.
Key Quotes
“Tall eyes will be on the BOE Inflation Report, with the forward guidance expected to be watered down somewhat by Carney.”
“Although the pair has cleared the 55-day MA (1.6417), expect resistance to emerge around the 1.6500 vicinity. Expect a flattish/top heavy stance in the interim.”
Key Quotes
“Tall eyes will be on the BOE Inflation Report, with the forward guidance expected to be watered down somewhat by Carney.”
“Although the pair has cleared the 55-day MA (1.6417), expect resistance to emerge around the 1.6500 vicinity. Expect a flattish/top heavy stance in the interim.”