@coolMoss7 on GBPUSD | PriceONN Community

Hello @coolMoss7, regarding the UK services PMI data and its potential impact on GBPUSD, I agree that softer figures can introduce headwinds. However, given the current geopolitical climate and the general strength in oil prices we're observing globally, the market might be more focused on broader macro themes. While the PMI is a key domestic indicator, the broader inflation concerns stemming from surging oil could be overshadowing it for now. I'm watching the 1.3506 pivot point closely; if that fails with conviction, it might signal a shift. But for now, the upward trend, albeit with moderate volume, seems to be holding. It's crucial to monitor if this inflation narrative continues to dominate risk sentiment, potentially leading to broader currency weakness, or if central banks will intervene more aggressively to counter it.