GBP/USD: UK Services PMI

Note: This section contains information in English only.
Source: Dukascopy Bank SA

The British Pound appreciated against the US Dollar, following the UK Services PMI data release on Wednesday at 09:30 GMT. The GBP/USD exchange currency rate gained 22 pips or 0.17% during a minute, right after the release. The British Pound continued trading at the 1.2735 area against the US Dollar.

The Markit released UK Services PMI data that came out lower than expected of 50.4, compare to forecasted 52.5.

Chris Williamson, Chief Business Economist at IHS Markit said, "A sharp deterioration in service sector growth leaves the economy flatlining in November as Brexit concerns intensified. Measured across services, manufacturing and construction, the survey results suggest that the pace of economic growth has stalled. With the exception of July 2016, when business slumped in the immediate aftermath of the EU referendum, November saw the worst performance since February 2013".

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Historical Data Table: Services PMI  Economic Calendar for 06.12.2018
           
Date 04.07.2018 05.09.2018 03.10.2018 05.11.2018 05.12.2018 13:15 PM US ADP Non-Farm Employment Change
Actual 55.1 54.3 53.9 52.2 50.4 15:00 PM US ISM Non-Manufacturing PMI
Forecast 54 53.9 54 53.4 52.5 16:00 PM US Crude Oil Inventories
           
Initial Reaction on Main Pairs SWFX Sentiment Indexes
           
  Open Price Close Price % Change   Longs Shorts
GBP/USD 1.27212 1.27318 0.08% GBP/USD 65.55% 34.45%
EUR/GBP 0.89116 0.89067 -0.05% EUR/GBP 28.02% 71.98%
GBP/CAD 1.68921 1.69149 0.13% GBP/CAD 70.07% 29.93%
GBP/JPY 143.739 143.823 0.06% GBP/JPY 63.14% 36.86%
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Tue, 04 Dec 2018 10:20:15 GMT

GBP/USD: UK Construction PMI

The British Pound depreciated against the US Dollar, following the UK Construction PMI data release on Tuesday at 09:30 GMT. The GBP/USD exchange currency rate lost 4 pips or 0.03% during a minute, right after the release. The British Pound continued trading at the 1.2810 area against the US Dollar.

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