The UK services sector growth improved from an 11-month low in September, but the pace of expansion remained moderate as subdued domestic demand acted as a drag on activity growth. The services Purchasing Managers' Index climbed to 53.6 in September from August's 11-month low of 53.2, survey data from IHS Markit and the Chartered Institute of Procurement & Supply showed Wednesday. more...
GBP/USD slipped from the highs amid Brexit worries and a strengthening of the US dollar. Has it peaked? The upcoming week features the PMIs as well as other indicators. Here are the key events and an updated analysis for GBP/USD. Manufacturing PMI: Monday, 8:30.Construction PMI: Tuesday, 8:30.FPC Meeting Minutes: Tuesday, 8:30. The minutes from the Financial Policy Committee’s meeting could provide more insight about the rapid ...
Though GBP/USD sliced right through 1.3450 like a hot knife cutting through butter, the bigger wave picture is still intact. Despite the Bank of England and market participants believing a rate hike is coming, the technical picture for GBP/USD is not as rosy. We believe Cable is in a terminal wave at three different degrees of trend. This suggests a reversal may be looming overhead. The Elliott Wave model we are following points our trend ...
Looking ahead to the coming week, after the focus on the dollar and the euro over the last couple of weeks, it is the turn of the pound to be in focus in the coming week as we have the CPI data and the rate announcement and statement from the BOE. We also have the CPI and PPI data from the US in the coming week and a combination of all these should guarantee a lot of volatility in the GBPUSD pair. The price is now in a key region and clean and clear ...
GBP/USD was making attempts to recover but did not go anywhere fast and found itself grinding lower. The upcoming week feature the manufacturing PMI as well as other figures. Nationwide HPI: Tuesday, 6:00. Various housing price indices have been pointing downwards, but Nationwide’s figure has shown a rise of 0.3% in July.BRC Shop Price Index: Tuesday, 23:01. The British Retail Consortium’s measure provides another gauge on consumer ...
Recent Comments