The UK Manufacturing PMI misses market expectations causing the GBP/USD to plunge over 25 pips. The cable hits a fresh session low of 1.6840.
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US GDP rebounded sharply in the second quarter as economic output grew by 4% in the second quarter The US Dollar rose against its major peers. UK Mortgage Approvals figure crossed the wires at 67.2K in June and exceeded market expectations. This caused GBP/USD to trade as high as 1.6992. UK Mortgage Approvals figure crossed the wires at 67.2K in June and exceeded market expectations. This caused GBP/USD to trade as high as 1.6992. UK 2Q GDP came in line with market expectations which saw GBP/USD recover its earlier losses. The Japanese Yen remained relatively unchanged as Japan reported its inflation figures for the month of June in line with market expectations. EUR/USD climbed to a session high to trade at 1.3474 as July&rsquos Preliminary Eurozone PMI beats market expectations. |
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