The British pound (Currency:GBP) is rangebound against the US dollar and Euro on Thursday morning; fresh weakness is being witnessed against the commodity currencies.
The British Pound exchange rate complex enjoyed hefty gains against an under pressure US dollar while showing strength against the majority of major currencies. Can today's trade data cement the sterling's strength?
The pound sterling (GBP) is today faced with some data out of the UK's manufacturing sector. Losses are being seen vs the AUD and NZD while it will take a hefty budge to break recent ranges against the EUR and USD.
The pound sterling (GBP) is looking stable as we head into a busy day of data. There is nothing from the UK due, so drivers will be external and technical in nature.