By Justin McQueen — Mar 24 - 05:59 AM
• Mixed UK PMIs though services beat offsets manufacturing miss
• Modest rebound in employment indicators albeit still in contraction
• While input/output prices saw a marginal improvement
• GBP a touch firmer, however, larger risks lie ahead (UK budget/CPI)
• Cable curtailed by the 200-hour MA (1.2957), further resistance at 1.30
• As previously noted, GBP risks tilt to the downside leading into UK budget
UK PMI employment
gbpusd hourly chart
(Justin McQueen is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters
