German private sector surge reaches four-year minimum in December
In December, Germany's private sector expansion speeded down to a four-year minimum, as a survey disclosed…
Economic calendar: news for the GBP
Do you know that services sector accounts for 80% of the UK economy? British economy gets a lot from financial, IT and professional services. As a result, the country’s services index is even more important than its manufacturing index.
The UK services PMI will be out at 11:30 MT time on July 4. PMI stands for Purchasing Managers’ Index. It shows whether managers of British companies are optimistic or pessimistic about the future. A reading above 50.0 indicates industry expansion, while a reading below 50 indicates contraction. Traders also compare the actual index with its previous and forecast levels.
The difference between the forecast and the actual figure sets the currency market in motion. Many traders will open positions in GBP/USD and EUR/GBP after the release.
• If the data is greater than the forecast, the GBP will rise.
• If the data is weaker than the forecast, the GBP will go down.
Similar
Weekly CryptoNews
Find out what is going on in the world of crypto and blockchain from the cryptonews by FBS!
American import prices demonstrate the biggest dive for more than three years
In November, American import prices went down by the most for more than three years due to the fact that the cost of petroleum products decreased and a strong evergreen buck suppressed prices of other goods, indicating descending imported inflation in…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
