The second purchasing managers’ index for the UK comes out slightly better than markets had anticipated: 52.5 against 52.2 predicted. Yesterday’s manufacturing PMI disappointed but still stands at higher ground. The most important release awaits us tomorrow: the services PMI. GBP/USD remains on the back foot trading at 1.2275. Support awaits at 1.2250 and 1.2120. Resistance is [...]
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