Flash: GBP/USD eyes on UK GDP – OCBC Bank

FXstreet.com (Barcelona) – Emmanuel Ng, FX Strategist at OCBC Bank notes that sterling made the most of USD vulnerability on Tuesday with comments from the BOE’s Carney not exerting any lasting effect on the pound.

Key Quotes

Carney essentially defended the BOE’s forward guidance while also noting that the 7% unemployment threshold was not an automatic trigger for tighter monetary policy.”

UK GDP numbers are on tap today and if these fuel the continued positivity from recent data releases, a test towards 1.6240 cannot be ruled out although we remain top heavy/neutral on the pair pending further cues.”
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