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The British Pound weakened against the Greenback, following the UK services PMI data release on Thursday. The GBP/USD currency pair lost only six pips, or 0.05%, to continue fluctuating and going even lower to the 1.4016 level.
The Markit revealed lower-than-expected data in Britain's services purchasing managers index in March. However, the data came out over 50.0, which indicates positive growth, it stepped lower to 51.7, compared to 54.5 in the prior period. Employment growth has reached a three-month low, and Gross Domestic Product growth rate has slid down to incredibly low of 0.15%, just in March alone.
| Historical Data Table: UK Services PMI | Economic Calendar for 06.04.2018 | ||||||||
| Date | 05.12.2017 | 04.01.2018 | 05.02.2018 | 05.03.2018 | 05.03.2018 | 12:30 PM | CAD Employment Change | ||
| Actual | 53.8 | 54.2 | 53 | 54.5 | 51.7 | 12:30 PM | US Average Hourly Earnings | ||
| Forecast | 55.2 | 54.1 | 54.1 | 53.3 | 53.9 | 12:30 PM | US Non-Farm Empl. Change | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.40456 | 1.40392 | -0.05% | GBP/USD | 52.66% | 47.34% | |||
| EUR/GBP | 0.87332 | 0.8733 | 0.00% | EUR/GBP | 26.95% | 73.05% | |||
| GBP/CAD | 1.79358 | 1.79334 | -0.01% | GBP/CAD | 25.17% | 74.83% | |||
| GBP/JPY | 150.311 | 150.355 | 0.03% | GBP/JPY | 45.24% | 54.76% | |||