Better than expected UK services PMI data has seen a brief GBP rally 5 Oct
GBPUSD has posted 1.2747 but run into the offers at 1.2750 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.
The data was always going to be secondary to current sentiment/hysteria and is in any case already historic.
I prefer to keep selling GBP until otherwise convinced. Broadbent's comments have done nothing on that front.
EURGBP still underpinned after the ECB taper talk yesterday but has sellers of its own at 0.8850 and that might help stem GBPUSD falls for the moment.
