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TDUX
Jun 03 - 08:55 AM

GBP/USD - Remains On A 1.34 Handle; UK PMI Revised Up

By Robert Howard  —  Jun 03 - 06:40 AM

• Cable has traded a 22.5 pip range since the London open; 1.3439 is session low

• 1.3407-1.3485 marks the traded range since Friday (May 29)

• UK May services PMI upwardly revised to 49.3, from 47.9 flash estimate

• Five-year gilt yields rise to their highest level since May 22

• U.S. May ADP jobs data, ISM services index ahead; 117k and 53.8 forecast

• May 3, 2029 is one of the most likely dates for the next UK general election

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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