GBP/USD tested the 1.2900 after weak PMI

British manufacturing PMI fell to 53,40 (0,10 less than analysts expected) and still shows weak growth.

All the lower levels and high volatility

The chart below clearly shows that the british manufacturing PMI is characterised by great volatility from month to month. The decline amounted to 0.4 pip. The course’s initial reaction was a test of 1,2900 and a bounce from the major support level.

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