The purchasing managers’ index for the manufacturing sector rose to 49,5 points. Expectations were for a score of 46.1 points after last month’s weak 45.4 points, which was now revised down to 45.2 points. 50 points separate between contraction and growth. According to this data for August, the British manufacturing sector is still contracting, but at a much slower pace. GBP/USD traded steadily around 1.5865 before the release and is now on the rise. The pair is at 1.5894, challenging the round number of 1.59. The peak seen in August was 1.5912. This is a very busy week for the pound, and practically everywhere. In the UK, PMIs for construction and services will follow, and the rate decision on Thursday also draws attention. Cable enjoyed a higher range thanks to higher expectations for QE3 in the US. This is still to be seen though. For more on sterling, 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 USD/CHF Elliott Wave: Patiently Waiting For Bullish Price Action Gregor Horvat 11 years The purchasing managers' index for the manufacturing sector rose to 49,5 points. Expectations were for a score of 46.1 points after last month's weak 45.4 points, which was now revised down to 45.2 points. 50 points separate between contraction and growth. According to this data for August, the British manufacturing sector is still contracting, but at a much slower pace. GBP/USD traded steadily around 1.5865 before the release and is now on the rise. The pair is at 1.5894, challenging the round number of 1.59. The peak seen in August was 1.5912. This is a very busy week for the… 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.
