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Jan 06 - 06:12 AM
GBP/USD - Extends North After UK Service PMI Beat
First appeared on eFXplus on Jan 06 - 04:50 AM
  • GBP/USD extends north to 1.3146 after much better than expected UK data

  • Final Dec service sector PMI 50.0 vs 49.1 f/c (49.0 was flash estimate)

  • Decisive UK election result cheers companies nZRN0004OF

  • Cable rose to a high of 1.3126 ahead of the 0930GMT data release

  • 1.3065 was the early Europe low (pip shy of Asian session base)

  • 1.3146 is the highest level since Friday's one-week low of 1.3054

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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