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GBP/USD lifts to session highs around 1.3115 after UK PMI data beats forecasts
The UK June flash PMI readings have just now been released. The markets were a broadly unchanged set of data on services and manufacturing. Well, they have all beaten forecasts. The data has pushed the Pound a little higher versus the dollar and it is just now hitting fresh session highs above 1.3110. The FTSE 100 has not really reacted much yet, but it was trading above 8,310 ahead of this data. The EUR/GBP did just nose below 0.8500 on this data, but it has rebounded immediately. So, the data was good overall and in respect of its relative position versus France and Germany, it continues to underscore the fact that the UK is growing faster than both of those countries. The GBP/USD is just now trading at 1.3111
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