British Pound

GBP Supported by Better than Expected Manufacturing PMI Outcome

GBPUSD Hourly (H1) Chart

GBP/USD: The pair is trading with clear positive directional bias as GBP remains supported by better than expected manufacturing PMI outcome. But firm USD underpinned by broad-based risk aversion on Trump’s comments kept gains in check resulting in gains capped below the 1.245 handle. Traders now await US data for short term profit opportunities. 

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