The pound slipped lower against the U.S. dollar on
Wednesday, after data showed that U.K. manufacturing activity expanded at the
slowest rate in 26 months in June, while Greek debt concerns continued to
support demand for the safe-haven greenback.
GBP/USD hit 1.5676 during European morning trade,
the pair's lowest since June 29; the pair subsequently consolidated at 1.5677,
shedding 0.21%.
Cable was likely to find support at 1.5622, the low
of June 17 and resistance at 1.5788, the high of June 29.
Sterling was higher against the euro, with EUR/GBP
slipping 0.27% to 0.7082.
