GBP/USD received a hit yesterday with negative with UK manufacturing PMI causing the cable 90-pips loss 1.2932 low. On the other hand, greenback extended recovery session today, boosted by positive data yesterday with a 96.04 high, add more pressure on the cable. Technically, the pair is still in uptrend phase trading above 10-EMA at 1.2880. GBP/USD is currently trading 1.2940 intraday.
Fundamentally, the pair awaits UK Construction PMI with absence of U.S Data today due to 4th of July holiday. The data will re-test GBP/USD bullish trend depending on the ...