Market Overview

GBP/USD Moves Lower

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GBP/USD is trading lower at 1.5258, down 0.0096.

U.K. Manufacturing PMI data came out at 51.9 versus 54 on the previous report. The pair is trading a little weak and near the session lows. Buyers have backed away and sellers are now seen near 1.5290. Chatter about U.K. elections next week is constant. U.K. polling stations will open May 7, at 2:00 a.m. ET and close at 5 p.m. ET. An exit poll will be released after the close of the polls.

Posted-In: british pound PoundFutures Forex Markets

 

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