Flash: GBP/USD succumbed to US fiscal jitters – OCBC Bank

FXstreet.com (Barcelona) - FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, mentions that the GBP/USD despite a fairly supportive streak of recent data releases, succumbed to background US fiscal jitters on Friday with the pair consolidating back below 1.6100.

Key Quotes

"In the near term, expect the pair to attempt to base build around the 1.6000 neighborhood and failing which, a test towards 1.5940 cannot be ruled out."