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19 Sep 2013
Flash: GBP/USD takes 1.61 on FOMC - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that with a tailwind from the BOE MPC minutes on Wednesday, the GBP/USD popped above 1.6100.
Key Quotes
“A reassessment may see a retrace towards the 1.6020 neighborhood.”
“Note that despite all the flutter surrounding the FOMC, the EUR/GBP continues to drill lower, with the cross now inhabiting sub-0.8400 levels.”
“We retain our 0.8320 target for the EUR/GBP.”
Key Quotes
“A reassessment may see a retrace towards the 1.6020 neighborhood.”
“Note that despite all the flutter surrounding the FOMC, the EUR/GBP continues to drill lower, with the cross now inhabiting sub-0.8400 levels.”
“We retain our 0.8320 target for the EUR/GBP.”