Not all is bad in the UK: manufacturing PMI has jumped to 52.1 points, showing growth in this beleaguered sector. The survey was made before the Brexit vote and therefore may be somewhat outdated. On the other hand, the fall of the pound could be positive for the sector, especially for those companies exporting to outside of the European Union. GBP/USD is trading around 1.3315, rising after the publication. Markit’s manufacturing purchasing managers’ index for June was expected to slip to 49.9 points from 50.1 in May. The British pound was almost exclusively moving on the post-Brexit developments. Some are political, such as the turmoil in the UK Conservative Party. And some are purely economical: BOE governor Carney promised fresh easing and this weighed on the pound. The reaction to economic data, even if it is somewhat stale, is refreshing. More: Brexit – all the updates in one place Here is how it looks on the chart: 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 GBP/USD forecasts for 1, 3 and 12 months post-Brexit Yohay Elam 6 years Not all is bad in the UK: manufacturing PMI has jumped to 52.1 points, showing growth in this beleaguered sector. The survey was made before the Brexit vote and therefore may be somewhat outdated. On the other hand, the fall of the pound could be positive for the sector, especially for those companies exporting to outside of the European Union. GBP/USD is trading around 1.3315, rising after the publication. Markit's manufacturing purchasing managers' index for June was expected to slip to 49.9 points from 50.1 in May. The British pound was almost exclusively moving on the post-Brexit developments. Some are… 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.
