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Forex pairs in this Article » GBP/USD (London) - GBP/USD has shown some declines ahead on UK PMI numbers to be released this morning, but holds near year end highs. The pair traded to a morning high of USD1.6604 before selling off to USD1.6568.

UK PMI data expected to hold

Expectation is for the morning’s Markit PMI data to print flat on November’s figure around 58.4, but if there is any movement, it will likely be to the upside.

GBP/USD may struggle to add to strength

Already above August 2011 highs of USD1.6608, any upside from GBP/USD on positive data could be capped. The pair is currently trading at USD1.6567 after finding resistance at USD1.6565 up slightly 0.01 percent on the session.
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