The US Dollar Index advances for the second consecutive day of 2022 but fails to boost the greenback vs. cable.GBP/USD is tilted to the downside and will face strong resistance around the 1.3550-70 area.
In the overnight session, the GBP/USD dipped as low as 1.3460, immediately bouncing off Tuesday’s daily low and pushing through the 1.3500 figure, stalling the upward move around the R1 daily pivot point at 1.3531. During the European session, the UK economic docket featured the Markit/CIPS Manufacturing PMI for December, which came at 57.9, lower than the 57.6 estimated by analysts. , the Institute of Supply Manufacturing reported that the Manufacturing PMI for December in its final reading came at 58.7, lower than the 60 estimated by analysts. At the same time, the JOLTS Job Openings came at 10.562M, lower than the 11.075M.