It’s been a good hour for the pound as traders run out of ideas on other pairs
GBPUSD currently 1.2296 chewing through the offers ahead of strong
sell interest at 1.2300.
Delayed reaction to better the PMI data earlier? Probably more likely a few larger desks taking the view ( rightly in my mind) that the Old Lady will keep rates on hold tomorrow. NA desks opening up now too.