Will the pound keep standing?
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
British manufacturing PMI ascends more than expected in July
In July, manufacturing activity in Great Britain rallied more than expected, driving upbeat mood over the UK economy at the beginning of the third quarter, as industry data revealed on Tuesday.
Market research group IHS Markit told that the previous month UK manufacturing PMI tacked on to a seasonally adjusted 55.1 versus June’s reading of 54.2.
Market experts had expected the PMI to ascend 54.4.
On the index, an outcome above 50.0 hints at industry expansion, but if it’s below, it stands for contraction.
Markit stressed that solid fresh order intakes were powered by sturdy export performance, and job creation appeared to be among the best recorded for the last three years.
The headline PMI indicated a surge acceleration for the first time for three months in because fresh order intakes were driven by a near survey-record leap in new export business.
Meanwhile, EU stock markets grew. In London, FTSE 100 rallied 0.70%, France's CAC 40 soared 0.55%, Germany's DAX surged 0.41% and the Euro Stoxx 50 acquired 0.40%.
Similar
Main market movements on September 22
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.
Will the RBNZ support the kiwi?
The New Zealand interest rate is announced on Wednesday at 05:00 MT time.
Latest news
US stimulus package improved sentiment
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
The US weekly labor data is out!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Main market news on September 23
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Deposit with your local payment systems
