Dear traders,

The GBP/USD pair trades at its highest since mid-September, with the Pound recovering its upward momentum after a softer-than-expected local Markit report. The December manufacturing index printed 56.3, down from November's 58.2 and also below market's expectations of 58.0, temporarily interrupting the pair's rally, although the figure was well above long-run trends, which alongside with dollar's weakness, limited the decline. The pair has room to extend its advance toward the 1.3600/10 region, with a break above the level exposing 1.3653, last year's high.

Good trading!
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