The purchasing managers’ index for the British services sector scored 51 points. Early expectations stood on a rise from 51.3 to 51.6 points. 50 points is the limit between growth and contraction. The services sector is around 77% of the economy in the UK. GBP/USD was hit by Draghi’s disappointment and fell as low as 1.5490. It then began a slow recovery process which accelerated towards the publication. Cable is now steady around 1.5540. The Bank of England left the interest rate and the QE program unchanged, after expanding it in the previous month. Earlier in the week, the manufacturing sector disappointed by staying in contraction, while construction was relatively strong. For more on sterling, see the GBP/USD 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 EUR/USD Aug. 3 – Stages Recovery from Draghi’s Disappointment, Yohay Elam 11 years The purchasing managers' index for the British services sector scored 51 points. Early expectations stood on a rise from 51.3 to 51.6 points. 50 points is the limit between growth and contraction. The services sector is around 77% of the economy in the UK. GBP/USD was hit by Draghi's disappointment and fell as low as 1.5490. It then began a slow recovery process which accelerated towards the publication. Cable is now steady around 1.5540. The Bank of England left the interest rate and the QE program unchanged, after expanding it in the previous month. Earlier in the week, the manufacturing… 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.
