UK pound soars to day’s maximums on British services PMI

UK pound soars to day’s maximums on British services PMI

On Thursday, the British pound rallied to the day’s maximums after data disclosing that activity in the dominant British service sector accelerated at the end of the previous year, although the underlying trend hinted at uncertainty over the economic outlook.

The currency pair GBP/USD soared 0.22% being worth 1.3546. The UK currency sank 0.57% yesterday to pull back from a three-and-a-half month maximum of 1.3612.

As research group IHS Markit informed, in December its services purchasing managers’ index rallied to 54.2 from November’s outcome of 53.8, versus an estimate for 54.1.

Companies posted that new order surge relieved to 16-month minimum amid worries over Brexit, while the rate of job creation dived to a nine-month minimum.

Input costs tacked on at the fastest pace for three months, as the report informed.

Versus the common currency the British pound stood still, with EUR/GBP hitting 0.8891.



Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera