Another drop in business confidence in the services sector: a score of 53.4 in Markit’s services PMI. This is a slip from 53.8 points and within expectations of 53.5. New business growth is at a 9-month low. Job creation picks at a 14-month high. Optimism drops to the second-lowest since December 2011. GBP/USD struggles to hold onto 1.29. The third and last purchasing managers’ indicator for the US is the most important one: the services PMI. 79% of the UK economy services. GBP/USD extended its decline, trading around 1.29, which serves as a line of support. Further support awaits at 1.2820, followed by 1.27. Resistance is at 1.2980 and 1.3050. Earlier this week, the manufacturing PMI fell short with a score of only 54.3, a drop of 2 points. The construction PMI came out at 54.8 points, within expectations. The pound has been shaken by the central bank and especially by the mood changes of Governor Mark Carney. Last week, the head of the BOE talked about the need to remove stimulus, eventually raising rates. However, only a week earlier, he clearly said “it is not appropriate to raise rates” at this time. In the background, the pound is rocked by reports related to the Brexit talks. The British government is somewhat split between those supporting a soft Brexit, such as Chancellor Phillip Hammond, and the “hard Brexiteers”. Here are the recent moves on the pound/dollar 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 CÅ“uré Crash: CEUR/USD extends falls on dovish ECB talk Yohay Elam 6 years Another drop in business confidence in the services sector: a score of 53.4 in Markit's services PMI. This is a slip from 53.8 points and within expectations of 53.5. New business growth is at a 9-month low. Job creation picks at a 14-month high. Optimism drops to the second-lowest since December 2011. GBP/USD struggles to hold onto 1.29. The third and last purchasing managers' indicator for the US is the most important one: the services PMI. 79% of the UK economy services. GBP/USD extended its decline, trading around 1.29, which serves as a line of support. Further support awaits at… 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.
