GBP/USD in lows near 1.3140 on PMI

The Sterling keeps the bearish fashion intact on Tuesday, with GBP/USD now visiting the area of daily lows in the 1.3140/35 band.

GBP/USD attention to BoE, Carney

The pair has intensified its downside momentum today, briefly testing lows in the 1.3150 area while market participants remain cautious ahead of the BoE’s Financial Stability Report and speech by Governor M.Carney.

Collaborating with the negative sentiment, the critical UK’s Services PMI has missed expectations during June, coming in at 52.3 vs. 52.7 estimated and down from May’s 53.5.

GBP/USD levels to consider

As of writing the pair is losing 1.08% at 1.3143 and a breach of 1.3118 (2016 low Jun.27) would open the door to 1.3000 (psychological level). On the other hand, the initial up barrier is located at 1.3533 (high Jun.29) followed by 1.3833 (previous 2016 low Feb.29) and finally 1.4004 (low Apr.6).