GBP/USD Outlook: Better Than Expected UK PMI Data Keep Pound Afloat Despite Weaker Euro And Firm Dollar

<p>Cable was dragged by weaker Euro after German court announcement and hit session low at 1.2420, but better than expected UK PMI data (Services Apr 13.4 vs 12.2 f/c/Composite Apr 13.8 vs 12.9 f/c) offset negative impact and inflated pound again. The pair bounced from daily Kijun-sen (1.2405) which contained yesterday’s extension of two-day pullback […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/292589-gbp-usd-outlook-better-than-expected-uk-pmi-data-keep-pound-afloat-despite-weaker-euro-and-firm-dollar/">GBP/USD Outlook: Better Than Expected UK PMI Data Keep Pound Afloat Despite Weaker Euro And Firm Dollar</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>