GBP/USD outlook: Cable rises on better than expected UK PMI data
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. Read more…
GBP/USD Forecast: Pound Sterling attracts buyers on strong UK PMI
GBP/USD declined to 1.2450 in the American session and closed in negative territory on Wednesday, snapping a three-day winning streak. Improving risk mood and upbeat UK PMI readings helped the pair regain its traction and stabilize above 1.2500 early Thursday. Read more…
GBP/USD maintains the consolidation in place – UOB
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. Read more…
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