A better than expected figure for Britain: the construction PMI rose to 55.9 points in May. It was expected to tick up from 54.2 to 55 points. The housing sub-component stands at 59.4 points. GBP/USD is rising from the lows and has reached 1.5220. Update: the pair is moving higher to 1.5230. More data: net lending to individuals also came out better than expected at 2.9 billion instead of 2.3 predicted. Mortgage approvals moved up to 58K, higher than 64K that was on the cards. M4 Money Supply met expectations with a rise of 0.4%. All in all, this was a positive data batch. Recent figures from the UK were quite mixed and the general notion is that the economy is growing nicely, but not as rapidly as beforehand. Yesterday, things looked less positive with manufacturing PMI hitting 52 points, lower than 52.7 expected. Tomorrow we get the PMI for the most important sector: services. The Bank of England’s rate decisions have become non-events. More: Sell EUR/GBP targeting 0.6770 – Barclays trade of the week In our latest podcast, we discuss commodity currencies, oil hedging and preview next week’s events. Subscribe to Market Movers on iTunes 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 EUR/USD Still On Track To Break Below Parity – BTMU Yohay Elam 7 years A better than expected figure for Britain: the construction PMI rose to 55.9 points in May. It was expected to tick up from 54.2 to 55 points. The housing sub-component stands at 59.4 points. GBP/USD is rising from the lows and has reached 1.5220. Update: the pair is moving higher to 1.5230. More data: net lending to individuals also came out better than expected at 2.9 billion instead of 2.3 predicted. Mortgage approvals moved up to 58K, higher than 64K that was on the cards. M4 Money Supply met expectations with a rise of 0.4%. All in all, this was… 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.
