UK Preliminary Manufacturing PMI jumps to 50.1 in June, GBP/USD clings to gains above 1.2500 mark

• 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.