Flash: GBP/USD capped on BoE commentary - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that GBP/USD was also capped on Monday after the BOE’s Bean was cited in the media as saying that the forward guidance implied that long term rates are not envisaged to rise in the near term.

Key Quotes

“Expect market caution to continue to circulate ahead of Carney’s appearance tomorrow although we look for initial support towards the 200-day MA (1.5514) while top side resistance is expected at 1.5600 and then at 1.5655.”