Flash: GBP/USD could drift further to 1.6300 - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank suspects that GBP/USD could drift further lower to 1.6300.

Key Quotes

"Markets may continue to exhibit little tolerance for further downside data surprises (December price data due today) out of the UK with unease over the Scottish referendum in September cited as another source of unsteadiness in the pair."

"If the foothold at 1.6400 is lost, expect a further drift lower towards 1.6300 and then the 55-day MA (1.6278)."