GBP/USD door open for a test of 1.5090 – OCBC

FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, slipped the chance that the pair could test the 1.5090 level.

Key Quotes

“The pair may remain subject to potential broad dollar resilience with latest BOE rhetoric doing little to engineer renewed hawkish expectations towards its anticipated rate trajectory”.

“On the CFTC front, note net leveraged GBP long were pared slightly in the latest week and we reckon risks towards 1.5090 remain on the table pending the ‘noisy global week ahead with the BOE’s Carney also scheduled to speak on Tuesday”.