Flash: GBP/USD higher on pound supportive data stream – OCBC Bank

FXstreet.com (Athens) - Emmanuel Ng of OCBC Bank notes that the GBP/USD was mainly boosted due to solid UK PMI.

Key Quotes

“The GBP managed to hold its own against the USD with the better than expected UK construction PMI and any similar positive vibes from today’s services PMI may continue to keep the sterling underpinned” .

“ In the near term, cable may remain on supported within a 1.5500-.15600 band”.