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  • UK Manufacturing PMI comes in at 50.1 for June vs. 45 expected.
  • Services PMI also beats estimates and climbs to 47 in June.
  • GBP/USD clings to gains near multi-day tops, above 1.2500.

FX implications

The better-than-expected UK Preliminary Manufacturing and Services PMI prints provided a minor lift to the British pound and assisted the GBP/USD pair to add to its daily gains. The pair was last seen trading near multi-day tops, comfortably above the key 1.2500 psychological mark.