GBP outlook: Still looking strong on the crosses
- The GBP has eased lower in early Asian trade after BoE Weale said further QE could happen under certain circumstances;
- Cable needs to break above strong resistance at 1.5750 in order to generate further bullish momentum;
- EUR/GBP maintains bearish bias whilst below .8600;
- GBP/AUD made a bullish break above 1.7350 and buying dips is preferred for medium-term test of 1.8150.