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UK PMI upward revision helps GBP/USD again
As noted here earlier this morning, the rebound in the GBP/USD had extended close to 1.2710. Well, since then the pound dropped back to around 1.2685, but just now it got another boost from some higher revisions to the latest UK PMI data. That has seen the latest Service sector PMI data revised to 53.4 from 52.7. This further underscores the expansionary outlook in that major sector of the UK economy and it has now delivered a move to fresh session highs in the GBP/USD. The GBP/USD is currently trading at 1.2710
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