The Sterling was able to regain its lost ground on Thursday overcoming a pair of rather lackluster sessions. Manufacturing PMI was released yesterday and it came in slightly below expectations and under the previous month’s result. The U.K. like its major counterparts has run into an invisible wall and faces a challenging economic environment, and investor sentiment remains skittish. Construction PMI will be released today and its results are estimated to nearly match the last report. The GBP will find itself at the whim of dollar and EUR centric crosswinds today.
Written by bforex.com
