GBP/USD could test 1.5040 – OCBC

By FXStreet FXStreet (Edinburgh) – According to FX Strategist at OCBC Bank Emmanuel Ng, the British pound could slip towards the 1.5040 area in the near term.

Key Quotes

“GBP-USD found a base on Wednesday following the less austere than expected budgetary review by finance minister Osborne”.

“BOE rate hike expectations however remain in a flux and we think that it may remain at risk of being pushed back further going ahead”.

“Directionally, we look for sustained risks to test towards 1.5040”.
For more information, read our latest forex news. …read more

Source:: FX Street