Decent data has underpinned the pound 1 Aug
Better than expected UK mftg PMI data has helped GBPUSD hold 1.3200 having been pinned down there for a while and now post fresh 11-month highs of 1.3240.
EURGBP failed around 0.8960 again in Asia and the fall to 0.8930 is helping to underpin cable in typical mirror-like fashion.
Decent offers/res around 1.3250 if we are to advance further and likewise EURGBP has support/bids down here to so we might see some pause for breath.
Big line in the sand seemingly now at 1.3200 intra-day at least.
I gave my latest thoughts on the pound here earlier.
Currently 1.3230 and 0.8930 as EURUSD falls back to 1.1813 too.
EURGBP
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