EUR, USD, GBP: all attention to PMI reports
PMI reports from the EU, the UK, and the USA will be released during the day!
Trade the GBP on the news
Services sector represents the biggest part of the British economy. As a result, its performance makes the key contribution to the nation’s economic growth. UK services PMI will be released at 11:30 MT time on October 3. The last time the indicator was released on September 5. Back then the index turned out to be much higher than expected (54.3 versus the forecast of just 53.9). GBP/USD went up after the release from support at 1.28. The day’s high was at 1.2980.
• If services PMI is bigger than expected, the GBP will rise.
• If services PMI is smaller than expected, the GBP will fall.
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