FXStreet (Edinburgh) – The pound has spiked to session tops vs. the dollar following the manufacturing PMI result, lifting GBP/USD to the 1.5150 area.
GBP/USD firmer on UK data
Spot is trading on a firmer footing after Markit’s manufacturing PMI came in above consensus at 51.5 for the month of September. The print however, represents a 3-month low, maybe another sign that the UK economy could be running out of steam.
There are no further releases in the UK, while the ISM Manufacturing and Initial Claims will grab all the attention across the Atlantic.
GBP/USD significant levels
As of writing the pair is up 0.08% at 1.5142 with the next resistance at 1.5205 (high Sep.29) followed by 1.5241 (high Sep.28) and finally 1.5263 (high Sep.25). On the flipside, a break below 1.5107 (low Oct.1) would aim for 1.5089 (low May 7) and then 1.5035 (low Apr.24).
(Market News Provided by FXstreet)