GBP/USD: Cable Rises on Better Than Expected UK PMI Data

<p><img width="612" height="314" src="https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp185.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp185.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp185-600×308.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp185-150×77.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp185-300×154.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Bulls regained control on Thursday after better than expected UK PMI data (services and composite rose above 50 threshold which divides contraction from growth and manufacturing sector performed better than expected) brightened the outlook and gave fresh boost to sterling. The pair hit new highest level in over two months though still holding within a […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/528711-gbp-usd-cable-rises-on-better-than-expected-uk-pmi-data/">GBP/USD: Cable Rises on Better Than Expected UK PMI Data</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>