A slightly worse than expected print on Britain’s Services PMI: a score of 53.8 points, reflecting weaker growth. The previous PMIs were OK, but this is a significant miss, a drop of 2 points and coming from the largest sector. GBP/USD dipped to 1.2860, a quick loss of 20 pips, before bouncing and recovering some of its losses. Markit’s purchasing managers’ index for the services sector was expected to slip from 55.8 to 55 points in May. The services sector is the largest in the US, and the publication usually has a significant impact on the pound. GBP/USD traded around 1.2880 ahead of the publication. Cable opened the week with a downwards gap but closed it quickly. London Attack, Thursday’s elections However, we are three days away from the elections and a day and a half after the terror attack on London Bridge. Severn people were murdered and 21 are in critical condition after three attackers drove a van into a crowd and then continued with shooting and stabbing people. The event dampens the mood and may also impact the elections. In theory, a focus on security normally boosts right wing parties. However, Theresa May has been Home Secretary and then Prime Minister, so the responsibility of being tough on terror lies with her. Opinion polls remain all over the place: some continue showing a tightening of the Conservative lead while others show stability and even a double-digit margin. Markets would like to see May’s Tories enjoy a landslide victory and believe this could turn into a softer stance on Brexit. A small majority like now would not be too good for the pound as the Hard Brexit stance could persist. A hung parliament could be even worse for the pound. More: GBP/USD: Every poll pulls the pound [Video] GBP/USD levels Resistance awaits at 1.29, followed by 1.2980 and 1.3050. Support is at 1.2770 and 1.27. 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 US labor market and UK’s Labour comeback – MM #147 Yohay Elam 6 years A slightly worse than expected print on Britain's Services PMI: a score of 53.8 points, reflecting weaker growth. The previous PMIs were OK, but this is a significant miss, a drop of 2 points and coming from the largest sector. GBP/USD dipped to 1.2860, a quick loss of 20 pips, before bouncing and recovering some of its losses. Markit's purchasing managers' index for the services sector was expected to slip from 55.8 to 55 points in May. The services sector is the largest in the US, and the publication usually has a significant impact on the pound. GBP/USD traded around… 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.