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17 Sep 2013
Flash: GBP/USD supported by improving UK data lately - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that inflation numbers are on tap today and barring any significant surprises, the weak dollar may continue to guide GBP/USD in the near term.
Key Quotes
“As noted previously, the recent string of domestic data surprises have also provided a foundation for sterling resilience.”
“In the near term, expect some consolidation around current levels pending further global cues with the pair seen in a 1.5800-1.6000 range.”
Key Quotes
“As noted previously, the recent string of domestic data surprises have also provided a foundation for sterling resilience.”
“In the near term, expect some consolidation around current levels pending further global cues with the pair seen in a 1.5800-1.6000 range.”