Flash: GBP/USD takes 1.61 on FOMC - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that with a tailwind from the BOE MPC minutes on Wednesday, the GBP/USD popped above 1.6100.

Key Quotes

“A reassessment may see a retrace towards the 1.6020 neighborhood.”

“Note that despite all the flutter surrounding the FOMC, the EUR/GBP continues to drill lower, with the cross now inhabiting sub-0.8400 levels.”

“We retain our 0.8320 target for the EUR/GBP.”