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28 Aug 2013
Flash: GBP/USD eyes BoE Carney - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that GBP/USD will be focused on the BoE´s Carney speech today.
Key Quotes
“On the domestic front, an appearance by the BOE’s Carney (1245 GMT) is expected to hold the market’s attention amid expectations that he would attempt to rein in expectations of an overly bullish profile for UK interest rates.”
“We are now neutral on the pair and with the GBP/USD slipping below 1.5550, the next implicit support at the 200-day MA (1.5512) may remain threat in the near term while resistance is also expected to kick in around 1.5575.”
Key Quotes
“On the domestic front, an appearance by the BOE’s Carney (1245 GMT) is expected to hold the market’s attention amid expectations that he would attempt to rein in expectations of an overly bullish profile for UK interest rates.”
“We are now neutral on the pair and with the GBP/USD slipping below 1.5550, the next implicit support at the 200-day MA (1.5512) may remain threat in the near term while resistance is also expected to kick in around 1.5575.”