GBP/USD Outlook: Sterling Remains At The Front Foot Despite Weak UK Data And Looks For Recovery Extension

<p>The British pound stayed afloat above 1.2300 round-figure support and bounced towards Wednesday’s recovery high at 1.2385, showing minimal negative reaction on significantly weaker UK PMI data for April (Manufacturing 32.9 vs 42 f/c, Services 12.3 vs 29.0 f/c and Composite 12.9 vs 31.4 f/c). Attempts to extend recovery after pullback from 1.2647 high stalled […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/289527-gbp-usd-outlook-sterling-remains-at-the-front-foot-despite-weak-uk-data-and-looks-for-recovery-extension/">GBP/USD Outlook: Sterling Remains At The Front Foot Despite Weak UK Data And Looks For Recovery Extension</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>