Flash: GBP/USD to range ahead of UK GDP tomorrow - OCBC Bank

Emmanuel Ng, FX Strategist at OCBC Bank believes that GBP/USD could continue to range today.

Key Quotes

“The GBP/USD may continue to range trade pending further cues although the pair may potentially be trolled by the UK GDP numbers tomorrow in the event of a negative surprise.”

“For today, look towards the CBI distributive trades data with a ceiling expected towards 1.6750 while 1.6550 may support on near term dips.”