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.