In the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, further gains could lift AUD/USD to the 0.6745 zone in the short-term horizon.
Further side-lined trading remains on the table for GBP/USD in the next few weeks, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.
Bulls regained control on Thursday after better than expected UK PMI data (services and composite rose above 50 threshold which divides contraction from growth and manufacturing sector performed better than expected) brightened the outlook and gave fresh boost to sterling.