lundi 6 avril 2015
GBP/USD: Trading the British Services PMI
Posted on 21:11 by nice news
The British Services PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the services sector. A reading which is higher than the market forecast is bullish for the pound.
Here are all the details, and 5 possible outcomes for GBP/USD.
Published on Tuesday at 9:30 GMT.
Indicator Background
Market analysts are always interested in the views of purchase managers on the economy, as the latter are considered to be attuned to the latest economic and financial developments, and their expectations could be an indication of future economic trends.
Services PMI continues to trade well above the 50-point level, indicative of steady expansion in the services sector. The index came in at 56.7 points in February, shy of the forecast of 57.6 points. The estimate for the March report stands at 57.1 points.
Here are all the details, and 5 possible outcomes for GBP/USD.
Published on Tuesday at 9:30 GMT.
Indicator Background
Market analysts are always interested in the views of purchase managers on the economy, as the latter are considered to be attuned to the latest economic and financial developments, and their expectations could be an indication of future economic trends.
Services PMI continues to trade well above the 50-point level, indicative of steady expansion in the services sector. The index came in at 56.7 points in February, shy of the forecast of 57.6 points. The estimate for the March report stands at 57.1 points.
GBP/USD: Trading the British Services PMI
Categories: GBP/USD: Trading the British Services PMI
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