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Apr 22 - 06:55 AM

GBP/USD - Breaks Below 1.29 After UK Service PMI Below F/C

By Rob Howard  —  Apr 22 - 04:55 AM
  • Cable extends south to 1.2884 on April's worse than expected UK service PMI

  • 58.3 vs 60.0 forecast (service sector is dominant segment of UK economy)

  • 1.2884 = new 17-month low. 1.2901 was low pre-PMIs on UK retail sales miss

  • See: nL5N2WK1AJ. 1.3009 was Asian session base (pre-UK retail sales data)

  • UK April manufacturing PMI 55.3 vs 54.0 Reuters poll forecast nZRN0049MB

  • UK says it may have to take unilateral action on NI protocol nS8N2V607E

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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