Next focus for GBP on Wednesday and Thursday
As I type the market is still selling off the GBP/USD, currently at 1.3671. However, the market is in thin trading conditions with some more PMI data out later this week. On Wednesday construction PMI and Thursday services PMI. Reasons for caution.
I don't want to chase this move with some significant data still to come out. I jobbed a few points and have left it at that. Time to sit on my hands and look again to wait for a pullback later in the week. See earlier post here.
