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GBP: EUR/GBP drop delayed – ING

April’s rise in UK services inflation was mostly down to a temporary spike in air fares and package holidays caused by the timing of Easter—an effect that should unwind soon, ING's FX analyst Francesco Pesole notes.
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GBP/USD falls to near 1.3400 following mixed UK PMI data

GBP/USD is depreciating after the mixed S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) data was released on Thursday. The pair has maintained its position near 1.3468, the highest since February 2022, reached on Wednesday, and is trading around 1.3410 during the European hours.
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