GBP/USD remains near 1.3300 post-PMI

The British pound remained apathetic post-PMI today, with GBP/USD navigating the upper bound of the range around 1.3290.

GBP/USD muted after PMI

Spot kept the composure despite UK’s Construction PMI has surpassed estimates during August, coming in at 49.2 vs. 46.1 forecasted and July’s 45.9.

The result adds to yesterday’s higher-than-expected Manufacturing PMI which eventually supported the sharp upside in the pair to levels above the 1.3300 handle.

Later in the session, the recent upside in the pair will be put to the test as US Non-farm Payrolls are due, with prior surveys expecting the economy to have added 180K jobs during last month.

GBP/USD levels to consider

As of writing the pair is gaining 0.02% at 1.3272 and a breakout of 1.3321 (23.6% of the post-Brexit down move) would open the door to 1.3366 (high Aug.2) and then 1.3481 (high Jul.15). On the other hand, the immediate support lines up at 1.3193 (support line off July’s peak) followed by 1.2863 (low Aug.15) and finally 1.2849 (low Jul.11).