The Pound Sterling (GBP) trades sideways against its major peers in Thursday’s London session as investors await the preliminary United Kingdom (UK) S&P Global/CIPS Purchasing Managers Index (PMI) data for October, which will be published at 08:30 GMT.
The Pound Sterling trades in a limited range as investors await the preliminary UK PMI data for October. Investors await BoE Mann and Bailey’s speech for fresh interest rate guidance. The uncertainty over US presidential elections continues to weigh on risky assets.
In Thursday’s New York session, investors will pay close attention to the US preliminary S&P Global PMI data for October, which will be published at 13:45 GMT. The Manufacturing and Services PMI are estimated to have contracted and expanded, respectively, but at a slower pace. Technical Analysis: Pound Sterling falls to near 1.2900 The Pound Sterling is at make or a break near the lower boundary of a Rising Channel chart formation on the daily timeframe.
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