Overall, GBP/USD is trending downwards. Recently, GBP/USD tested and rejected the resistance level of 1.29900.
The U.K. flash manufacturing PMI data released last Friday was better than forecasted. Also, the U.K. manufacturing sector has shifted from contraction to expansion. The flash services PMI data weakened slightly. GBP/USD strengthened slightly as a result.
Look for short-term selling opportunities of GBP/USD.
The U.K. flash manufacturing PMI data released last Friday was better than forecasted. Also, the U.K. manufacturing sector has shifted from contraction to expansion. The flash services PMI data weakened slightly. GBP/USD strengthened slightly as a result.
- Flash Manufacturing PMI (Actual: 51.9, Forecast: 49.7, Previous: 50.0 revised from 49.8)
- Flash Services PMI (Actual: 53.3, Forecast: 53.4, Previous: 53.9 revised from 52.9)
Look for short-term selling opportunities of GBP/USD.