Cable reached earlier at 1.5249 the strongest level since January 15 but after Wall Street opening bell lost strength. Recently the pair dropped to 1.5190 and currently is hovering around 1.5200/10.
The GBP/USD pair is still up for the day, headed toward the second daily gain in a row. From Tuesday’s lows it has risen more than 300 pips and it could post the highest daily close since mid-January.
The pound is among the best performers across the board on Wednesday, supported by a strong reading in the UK Market Services PMI index that rose from 55.8 to 57.2 in January, surpassing expectations and ahead of the Bank of England decision, that is expect to leave monetary policy unchanged.
The GBP/USD pair is still up for the day, headed toward the second daily gain in a row. From Tuesday’s lows it has risen more than 300 pips and it could post the highest daily close since mid-January.
The pound is among the best performers across the board on Wednesday, supported by a strong reading in the UK Market Services PMI index that rose from 55.8 to 57.2 in January, surpassing expectations and ahead of the Bank of England decision, that is expect to leave monetary policy unchanged.
