Pound surges due to PMIs

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


It appears that a sharp move of the Pounds value at 09:30 was caused by the publication of better than expected United Kingdom Purchasing Managers Indices of the Services and Manufacturing sectors.

The Markit Services and Manufacturing sector Purchasing Managers Index survey results revealed better than expected situations in the two economic sectors. The Manufacturing PMI was forecast to be at 45.00 and the Services PMI to show a reading of 49.5. Instead the released numbers were 46.7 and 50.5. A reading of the PMI below 50 shows a contraction of the sector, but a reading above expansion. Namely, the data showed that the Manufacturing sector is not doing as bad as thought, and the Services sector has managed to grow instead of the expected decline.

The event resulted in a 60 pip or 0.48% surge of the GBP/USD currency exchange rate, which resulted in the pair touching levels not observed since September.
Back to articles

Actual Topics

Wed, 29 Nov 2023 13:35:34 GMT

US GDP moves the markets

At 13:30 GMT, the United States Bureau of Economic Analysis published the US Preliminary Gross Domestic Product data. The initial reaction to the publication was a US Dollar decline. The markets expected the US GDP to have increased by 5.0% on a quarter to quarter basis. However, the actual number turned out to be 5.2%. The US Gross Domestic Product

Thu, 02 Nov 2023 13:02:08 GMT

Bank of England keeps rate unchanged

As the markets expected, the Bank of England has kept the Official Bank Rate at 5.25%. The GBP/USD initially reacted with a 21 point or 0.17% surge and reaching above the 1.2200 mark. The surge was attributed to how the monetary policy committee voted for the keeping of the rate unchanged. It was expected that 2 members would vote for

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.