Market Overview

GBP/USD Higher, U.K. Construction PMI Edges Down

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GBP/USD is trading at 1.2703, up 0.0045

The pair is trading at session highs. Market talk about U.K. headline news and today's Bank of England policy meeting is making the rounds.

The U.K. construction PMI (purchasing managers survey) for January fell to 52.2 from 54.2 during December.

The Bank of England (BOE) Monetary Policy Committee (MPC) is scheduled to announce if there is any change to monetary policy at 7:00 a.m. ET.

Some chatter about sellers near 1.2815 and buyers near 1.2530 is showing up.

 

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Posted-In: british pound GBP/USDFutures Forex Markets