BROADCASTS.com

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GBP/USD regained positive traction on Friday and stalled its recent slide from multi-week tops. The prevalent bearish sentiment surrounding the USD was seen as a key factor lending support. The British pound got an additional boost following the release of upbeat UK PMI prints for April. UK Manufacturing PMI beats estimates with 60.7 in Apr. Services PMI in the UK jumps to 60.1 in Apr, a beat. GBP/USD keeps its range below 1.3900 despite the upbeat UK PMIs. EUR/USD has been bouncing off 1.20 as markets digest the news of US tax hikes. The dollar index was 0.2% lower at 91.155, remaining just above the seven-week low of 90.856 seen on Tuesday. USD/JPY was flat at 107.95, while the risk-sensitive AUD/USD rose 0.3% to 0.7728.