GBPTHB Eyes UK PMI

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GBPTHB Eyes UK PMIBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_Group- Yesterday Recap 2/9/26 Yesterday, GBPTHB closed at 44.94 in the Thai market. The market continued to monitor the outlook for the UK economy and the BoE's monetary policy, while movements in the USD remained an important factor for GBPTHB. - Fundamental 3/9/26 Key Economic Releases UK: 15:30 — UK Services PMI | 52.8 | 52.8 UK: 15:30 — UK Composite PMI | 52.5 | 52.5 Today, the GBP is mainly influenced by the UK Services PMI and Composite PMI, which are both expected to remain unchanged at 52.8 and 52.5, respectively. This indicates that the UK's services sector and overall economic activity are expected to remain in expansion territory. If the figures come in better than expected, this would support the view that the UK economy remains resilient and could reduce expectations for further monetary policy easing by the BoE, providing support for the GBP. Conversely, weaker-than-expected data could put additional pressure on the pound. However, the GBP will also remain sensitive to the USD and US economic data during the US session, as these factors can directly affect GBP/USD and create volatility in GBPTHB. Overall, GBPTHB is expected to trade within a range with a slight bearish bias, with the market focusing mainly on UK Services PMI, the BoE's policy outlook, and overall USD direction. Technical Analysis – GBPTHB 1H Bias: Bearish GBPTHB has declined sharply and broken below the 44.60 support level, while the price remains below the key EMA levels, indicating bearish short-term momentum. If the price fails to reclaim and hold above 44.60, it could move lower to test 44.53 and 44.48, respectively, with 44.48 acting as the next key support level. Resistance: 44.60 Support: 44.56 / 44.53 Target: 44.48 Cut Loss: Above 44.60