GBP Manufacturing PMI: 54.0 v 54.2 expected and 54.4 previous

Headline miss

You know it's BoE day when:

• High impact GBP data misses expectations and...
• Cable continues to catch a bid

Chart:

Just reiterating what I said earlier on GBP/USD:

• The higher low has come on the intraday as it retested previous short term resistance turned support
• No momentum in the move and it's all but given it back now