Flash: GBP/USD climbs with 1.6350 in mind – OCBC Bank
FXstreet.com (Barcelona) – Emmanuel Ng, FX Strategist at OCBC Bank notes that GBP/USD steadied after yesterday’s UK GDP figures.
“After initial unsteadiness, investors took heart from the UK GDP numbers on Wednesday which showed strength across household consumption, government spending and investment.”
“The GBP/USD climbed further and we now turn more constructive towards the pair in the near term with 1.6350 the next resistance and support seen on dips to 1.6260. “
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