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21 Oct 2013
Flash: We remain neutral on the GBP/USD - OCBC
FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank mentions this week, look towards BOE MPC minutes on Wednesday and 3Q GDP numbers on Friday for domestic cues.
“Over the weekend, the BOE’s Broadbent also noted that the BOE would only consider raising rates if
the unemployment rate falls to 7.00%.”
“Despite the recent inroads made by the other majors against the greenback, we remain neutral on the GBP/USD within a 1.5940-1.6260 range with the dollar expected to provide further directionality in the coming sessions.”
“Over the weekend, the BOE’s Broadbent also noted that the BOE would only consider raising rates if
the unemployment rate falls to 7.00%.”
“Despite the recent inroads made by the other majors against the greenback, we remain neutral on the GBP/USD within a 1.5940-1.6260 range with the dollar expected to provide further directionality in the coming sessions.”