GBP/USD (current price: 1.3285)
The Great British Pound was the best-performing currency of the day on Thursday as the 53.3 reading of the Manufacturing PMI caused a huge rally against all the majors. The British economy continues to show strength, and that might lead to further upside in the pair especially if the NFP number comes in below expectations later today. The cross briefly rose above the 1.3285 resistance yesterday for the first time in a month, before finishing the session below the key level after a late-day correction.
Our assessment: GBP/USD is just below the one-month high hit yesterday, following the correction that started on Friday, as the Pound remains relatively strong.
