Overall, GBP/USD is ranging across.
The UK flash PMI data released yesterday indicated continued expansion in the manufacturing sector while the services sector expanded at a much faster pace than previous date release.
- Flash Manufacturing PMI (Actual: 57.3, Forecast: TBA, Previous: 57.3 revised from 56.9)
- Flash Services PMI (Actual: 60.8, Forecast: TBA, Previous: 54.1 revised from 53.3)
Bank of England committee member Ramsden will be speaking later at 1845 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing the resistance zone of 1.36000 and the next support zone is at 1.33800.
Look for short-term selling opportunities of GBP/USD if it rejects the resistance zone of 1.36000.
The UK flash PMI data released yesterday indicated continued expansion in the manufacturing sector while the services sector expanded at a much faster pace than previous date release.
- Flash Manufacturing PMI (Actual: 57.3, Forecast: TBA, Previous: 57.3 revised from 56.9)
- Flash Services PMI (Actual: 60.8, Forecast: TBA, Previous: 54.1 revised from 53.3)
Bank of England committee member Ramsden will be speaking later at 1845 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing the resistance zone of 1.36000 and the next support zone is at 1.33800.
Look for short-term selling opportunities of GBP/USD if it rejects the resistance zone of 1.36000.
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