Flash: GBP/ USD boosts on retail sales, greenback weakness - OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank suggests that the apart from USD weakness, the GBP/USD was boosted by supportive data releases (retail sales) as well as somewhat hawkish comments from the BOE’s Dale (who noted that the BOE could hike in 2014) on Wednesday.

Key Quotes

“After breaching above 1.6100 on Thursday, cable may consolidate on approach of the 1.6200 ceiling. We remain neutral on the pair pending further cues.”