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Feb 05 - 08:36 AM

GBP/USD - Holds Above Tuesday's Top After UK Service PMI Beat

By Rob Howard  —  Feb 05 - 06:45 AM
  • Cable elicited support just shy of 1.3046 after retreating from 1.3070

  • 1.3070 was two-day high after UK service PMI upwardly revised to 53.9

  • See: nL8N2A52PZ. 1.3046 was Tuesday's top, after UK construction PMI beat

  • 1.3010 was early Ldn low, before UK service PMI upward revision nL1N2A508J

  • Resistance levels beyond 1.3070 include 1.3085 and 1.31 (ex-support point)

  • U.S. ADP Jan jobs report due 1315GMT, 156k f/c. Dec trade data due 1330GMT

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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