UK services PMI stands at 58.2 points, reflecting continued strong growth. Markit’s services PMI for the UK was expected to edge lower to 58 points in February from 58.3 in January. The services sector is by far the largest in the United Kingdom. GBP/USD was trading around 1.6675 before the publication. It is now extending the gains seen before the publication, but the moves are somewhat limited – the result was within expectations. While manufacturing PMI came out within expectations, the construction PMI disappointed with a drop from the extreme highs. GBP/USD is trading at 1.6690. Cable traded in a wide range of 1.6620 to 1.6770 in the past few days. Â For more, see the Pound dollar forecast. This is the last of a series of 3 purchasing managers’ indices. The Bank of England convenes for its rate decision tomorrow, but this could certainly turn into a non-event, especially as this specific European Central Bank decision gained a lot of traction. 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 March 5 – Under Pressure Despite Strong Retail Kenny Fisher 8 years UK services PMI stands at 58.2 points, reflecting continued strong growth. Markit's services PMI for the UK was expected to edge lower to 58 points in February from 58.3 in January. The services sector is by far the largest in the United Kingdom. GBP/USD was trading around 1.6675 before the publication. It is now extending the gains seen before the publication, but the moves are somewhat limited - the result was within expectations. While manufacturing PMI came out within expectations, the construction PMI disappointed with a drop from the extreme highs. GBP/USD is trading at 1.6690. Cable traded in a… 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.
