According to a survey published on Friday, British companies reported the fastest improvement in business activity since April 2024 this month, but also pointed to rising inflationary pressures and unemployment, which will reinforce doubts about the Bank of England's interest rate trajectory.

Although the service sector was the main driver of the upturn, the manufacturing sector had its best month since August 2024, with order volumes growing at their fastest pace in nearly four years. However, the survey also contained elements that may cause concern among members of the Monetary Policy Committee.

The area around 1.3350, which we wrote about earlier, remains relevant as a support zone for the GBP/USD pair. The market has resumed its growth, and the nearest target, judging by all appearances, may be to update the recent high located near 1.3570.