The Traderszone Network

Published in TZ Latest News 5 October, 2016 by The TZ Newswire Staff

Cable runs into sellers again after better PMI data

Better than expected UK services PMI data has seen a brief GBP rally 5 Oct
GBPUSD has posted 1.2747 but run into the I highlighted earlier. Currently back to 1.2724. A few easy pips to be had for the bears. Hopefully the dip-buying bulls took some off the table too given we’ve seen 1.2686 already this morning.