GBP/USD Signal - GBP Markit Manufacturing PMI - 2 August 2021

GBPUSD is trending to the upside currently prior to the GBP Markit Manufacturing PMI data, which is an indicator of the economic situation in the UK manufacturing sector. Technically the pair has broken above a key pivot point, and has now come back to retest the pivot point as a support. We anticipate continued upside back into the recent highs!