The British manufacturing sector has improved nicely. The purchasing managers’ index jumped to 49.6 points, much better than a drop to 47.4 that was expected. This is still in contraction zone: under 50 points, for the third month in a row. GBP/USD shrugs it off and remains around 1.5570, where it traded before the publication. This is the first in a series of PMIs lined up this week. Tomorrow, construction PMI provides a trading opportunity. See how to trade this event with GBP/USD. On Thursday, Services PMI is released. Recent global PMI figures came out better than expected: China and India saw their manufacturing PMIs rise above 50 points in December, returning to growth. Later in the day, this figure will be released in the US. Britain faces a tough year as austerity measures still weigh on the economy, as well as the situation in the euro-zone. For more on the pound, see the GBP/USD forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Making Plans for the Year Yohay Elam 11 years The British manufacturing sector has improved nicely. The purchasing managers' index jumped to 49.6 points, much better than a drop to 47.4 that was expected. This is still in contraction zone: under 50 points, for the third month in a row. GBP/USD shrugs it off and remains around 1.5570, where it traded before the publication. This is the first in a series of PMIs lined up this week. Tomorrow, construction PMI provides a trading opportunity. See how to trade this event with GBP/USD. On Thursday, Services PMI is released. Recent global PMI figures came out better than expected: China and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
