United Kingdom Markit Services PMI beat forecasts (57.6) in April: Actual (58.7)

FXStreet.com (Barcelona)

May 6, 2014

GBP/USD to reach 1.7332? - UBS

UBS analysts comment that GBP/USD, with a bullish trend in place, has scope for extension of the strength to resistance at 1.7043 and then 1.7332, with a stop at 1.6763.

USD/CNY turn in trend? - UBS

ANZ analysts note that the sharp USD/CNY uptrend of the past three months has peaked and now turned. They feel a close below 6.2250 will confirm the turn in trend.