• GBP/NZD rebounded from 1-1/2 month low on Friday as remarks from US President Donald Trump and upbeat UK composite PMI data boosted sterling.
•The preliminary flash reading of the UK S&P Composite PMI rose to 50.9 on Friday, a three-month high, up from 50.4 in December.
•Traders see an 81% chance of a 25-basis-point rate cut on Feb. 6, when the Bank of England next meets.
• Immediate resistance is located at 2. 2.2000(38.2%fib), any close above will push the pair towards 2.2081(Jan9th high).
• Immediate support is seen at 2.1672 (50%fib) and break below could take the pair towards 2.1564(Lower BB).
