Cable becomes even stronger in the wake of better than expected PMI Manufacturing numbers. It reached 55.1 versus 54.4 in June mostly thanks to significant jobs creation. Isn't it an indicator of activity pickup and stronger economic growth? However, we need to pass some more tests, before we confirm the longer-term bullish trend. For example, Services PMI will be of more interest given the service-oriented nature of the British economy. But the most significance the market will pay to the looming BOE monetary meeting coupled with Quarterly Inflation report. If inflation forecasts revised up, and Monetary Policy Committee reveals even more hawks voting for a rate hike, it will push cable higher. GBP/USD has already broken strong psychological resistance at 1.32, and the next target may be at 1.3280.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.