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GBP/USD: Bears awaiting fresh clues heading into UK manufacturing PMI

Comments (0) Economic Calendar News, Economy News, Financial News


The GBP/USD pair stays slightly changed (1.3260) on Friday while going to European sessions. Recently the pair had weakened after latest comments from the FED chair brought USD under power. Investors still wait for the further confirmation. February month manufacturing PMI from UK and US are first to be observed.

On Thursday, the US gross domestic product (GDP) has increased to 2.6% versus 2.3% market expectations during the fourth quarter of 2018.Lately, The British parliament has been witnessing lot of drama over Brexit, Things can be seen quite cooled off in the past two days since the Prime Minister of UK, Theresa May set the No-Deal Brexit fears down. Even though The Opposing party had another plan for Brexit which got turned down, Jeremy Corbyn & Co. has another referendum to propose soon.

The economic calendar readings of the February month should garner immediate market attention. , The British Market manufacturing PMI will initiate the forecast favoring 52.0 figures against 52.8. Later, The US ISM manufacturing PMI may ease to 55.5 from 56.6 which was noted in the month of January

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