Pound may continue to slide – OCBC

FXStreet (Barcelona) - The OCBC Bank Research Team expects the GBP/USD pair to continue to gather downward momentum in the current dollar environment.

Key Quotes

“Disappointing services and composite PMIs saw the GBP-USD sliding lower in tandem with a firm broad dollar on Tuesday. The pair may continue to gather momentum towards the downside in the current dollar environment and with BOE rate hike expectations for 2015 all but expunged. “