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Emmanuel Ng, FX Strategist at OCBC Bank, views the dovish hints from BOE members to drive GBP/USD towards 1.5000 levels in the near-term.
Key Quotes
"The GBP-USD remained particularly susceptible to dollar cues despite the EUR stabilizing on Thursday with cable dipping briefly below 1.5050.”
“While US weekly initial claims came in better than expected, the UK Citi/YouGov survey saw inflation expectations fell to 1.2% from 1.5% the previous month.”
“With the latest dovish hints from the BOE’s Haldene/Carney, the 1.5000 floor may remain a tangible prospect in the near term.”
Key Quotes
"The GBP-USD remained particularly susceptible to dollar cues despite the EUR stabilizing on Thursday with cable dipping briefly below 1.5050.”
“While US weekly initial claims came in better than expected, the UK Citi/YouGov survey saw inflation expectations fell to 1.2% from 1.5% the previous month.”
“With the latest dovish hints from the BOE’s Haldene/Carney, the 1.5000 floor may remain a tangible prospect in the near term.”
