As suggested by one of the analysts of the bank OCBC, partly unfavorable statistics on balance of payments and GDP led to a depreciation of the GBP / USD on the face of a stronger dollar.
Key quotes
"The pair GBP / USD, may try to consolidate above $ 1.6000. In our view, the market experienced some fatigue from the endless string of favorable statistics from Britain, which portends a higher rate of the British economy. "
"Initial resistance is likely to be on 1,6100. Then obstacle to growth may be the level of 1.6130. Break of 1.6000 mark down, meanwhile, could open the way to 1.5960 the pair. "
