A significant slowdown in the UK manufacturing sector according to Markit. The manufacturing PMI drops from 56.3 to 54.3 points in June. A weaker pound helped the small sector. Did the recent strength of Sterling dampen the mood? GBP/USD extends the drops it had already begun before the release, hitting a new low of 1.2968. Support awaits at 1.29. Was the data leaked? Markit’s manufacturing purchasing managers’ index was expected to tick down from 56.7 to 56.4 points in June. This is the first PMI out of three, with construction tomorrow and services report on Wednesday. GBP/USD was trading just under 1.30 ahead of the publication, selling off some of the gains seen last week as the US dollar was recovering. The gains that the pound enjoyed last week came from Carney: the governor of the BOE suddenly became hawkish on interest rates. The British press reports about a softer stance from the government on the Brexit talks. The more moderate camp led by Phillip Hammond seems to have the upper hand, at least for now. The government won a vote of confidence last week and seems quite stable. 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 slips on some profit-taking – buy the dip? Yohay Elam 6 years A significant slowdown in the UK manufacturing sector according to Markit. The manufacturing PMI drops from 56.3 to 54.3 points in June. A weaker pound helped the small sector. Did the recent strength of Sterling dampen the mood? GBP/USD extends the drops it had already begun before the release, hitting a new low of 1.2968. Support awaits at 1.29. Was the data leaked? Markit's manufacturing purchasing managers' index was expected to tick down from 56.7 to 56.4 points in June. This is the first PMI out of three, with construction tomorrow and services report on Wednesday. GBP/USD was trading just… 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.
