FXstreet.com (Barcelona) - Pound's rebound from Asian session low at 1.6055 has extended 150 pips higher, to levels right above 1.6200 after an strong advance on UK manufacturing PMI and household lending.
Manufacturing PMI rose to 54.1 in December from 51.8 in November, against markets expectations of a slight decline to levels around 51.5.
Furthermore, data from The Bank of England showed that UK mortgage borrowing rose sharply in November. Lending to households rose to GBP1.083 million in November from GBP508 million, beating experts forecasts of GBP500 million.
The Pound extended its recovery, jumping from levels around 1.6165 ahead of PMI data, to reach session high at 1.6210 after Bank of England released November's lending figures.