GBP/USD re-attempts 1.3300 ahead of UK PMI

The GBP/USD pair appears to have regained momentum and now looks to retest 1.33 handle, as the bulls remain underpinned by upbeat UK fundamentals.

GBP/USD eyes UK PMI, US jobs

Currently, GBP/USD trades +0.11% higher at 1.3284, recovering slightly from a drop to session lows struck previously at 1.3276. The cable stalled its corrective slide near 1.3275 and now makes headways back towards 1.33 handle amid subdued trading activity seen behind the US dollar versus its major rivals.

While the sentiment around the pound continues to remain buoyed, in light of outstanding UK manufacturing PM report, which showed an unexpected jump back into the expansion territory. Focus now shifts towards the UK construction sector activity report and US payrolls data lined up for release this Friday for fresh momentum on the major.

GBP/USD Levels to consider                           

The pair has an immediate resistance at 1.3317 (Sept 1 high), above which 1.3350 (daily R1) would be tested. On the flip side, support is seen at 1.3237 (daily pivot) below that at 1.3176/75 (10 & 5-DMA).