MUFG says UK PMI beat is not enough for sustained pound gains - ConsultFX

MUFG says UK PMI beat is not enough for sustained pound gains

According to MUFG analyst, Lee Hardman That should be the case as also highlighted upon the data release, but it there's always two sides to a trade. Cable is now eyeing a move towards 1.3400 as flows remain thin in the market so far today. And that always poses a bit of a danger.