GBP/USD struggling to hold onto gains despite UK PMI surprise

Such is the US dollar’s strength currently that even an eight month high UK services PMI reading is unable to underpin the GBP/USD. After an initial bounce on the back of the cheerful data, the Cable has relinquished about half of its gains already and has turned flat on the session. The GBP crosses…

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GBP/USD struggling to hold onto gains despite UK PMI surprise

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