OCBC Bank analyst notes that the kind of unfavorable statistics from the UK (the data on balance of payments and GDP) led to declines in the GBP / USD with the overall strengthening of the dollar.
Key quote:
"GBP / USD pair may attempt to consolidate above 1.6000. However, we want to emphasize that market participants may show some fatigue from the British statistics portend a bright outlook. "
"Initially, as the level of 1.6100 resistance will, then as a barrier you can select the level of 1.6130, a breakdown of 1.6000, however, open the way to 1.5960."
