The UK’s services sector is moving up: a score of 58.6 points is a good beat and reflects strong growth. GBP/USD is ticking higher, but seems unable to hold on to gains. Markit’s purchasing managers’ index for the services sector was expected to score 56.6 points in November, similar to 56.2 points in October. GBP/USD traded around 1.5650 towards the publication after dipping to lower ground earlier. This is the third, last and most important of all PMIs, as the services sector is the UK’s largest. Earlier in the week, we’ve seen a convergence of PMIs with another tick up in manufacturing and another slide in construction. Perhaps the bigger event of today is the Autumn Statement by George Osborne, Chancellor of the Exchequer. Brits will be following changes to rules, and for us, forecasts for growth and unemployment are key for the next moves in the pound. The Bank of England convenes tomorrow to decide on interest rates, and no change is expected. For more, see the GBPUSD forecast. 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 ADP Non-Farm Payrolls only 208K in November – USD slides Yohay Elam 7 years The UK's services sector is moving up: a score of 58.6 points is a good beat and reflects strong growth. GBP/USD is ticking higher, but seems unable to hold on to gains. Markit's purchasing managers' index for the services sector was expected to score 56.6 points in November, similar to 56.2 points in October. GBP/USD traded around 1.5650 towards the publication after dipping to lower ground earlier. This is the third, last and most important of all PMIs, as the services sector is the UK's largest. Earlier in the week, we've seen a convergence of PMIs with another tick up… Top 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.
