GBP/USD declined one-fifth of one percent on Tuesday.
A quiet start to the week ends with Wednesday’s double-header PMI data.
US GDP due on Thursday, PCE inflation on Friday.
GBP/USD eased lower on Tuesday to decline one-fifth of one percent as traders buckle up for a hectic midweek market session after a quiet start to the trading week. S&P Purchasing Managers Index (PMI) activity figures are due on both sides of the Atlantic, and further key US data is due throughout the back half of the trading week.
UK PMI activity survey results will kick off Wednesday’s London market session, and investors are broadly expecting a recovery in July’s UK Services PMI. The UK’s Services PMI dipped to a seven-month low of 52.1 in June, and median market forecasts expect a rebound to 52.5.
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