GBP/USD sidelined around 1.3230, PMI eyed

The Sterling is marginally lower vs. the greenback at the end of the week, with GBP/USD navigating the 1.3225/30 band ahead of UK releases.

GBP/USD focus on UK data

The pair is extending its consolidative theme today, losing smalls so far although managing to keep the trade above the 1.3200 handle.

A renewed offered bias around the dollar has given some support to spot on Thursday, although poor prints from UK’s retail sales during June have somewhat limited the upside.

Ahead in the session, preliminary UK’s Manufacturing and Services PMIs are expected to return to levels below the 50 threshold, showing the sectors’ concern after the UK voted to leave the European Union in late June.

GBP/USD levels to consider

As of writing the pair is losing 0.02% at 1.3230 and a break below 1.3061 (low Jul.20) would expose 1.2849 (low Jul.11) and then 1.2797 (20916 low Jul.6). On the flip side, the next hurdle aligns at 1.3321 (23.6% Fibo of 1.5020-1.2796) followed by 1.3481 (high Jul.15) and finally 1.3535 (high Jun.29).