UK services sector suddenly surprises for good - Forex News by FX Leaders

UK services sector suddenly surprises for good

Posted Friday, June 3, 2016 by
Skerdian Meta • 1 min read

The UK services PMI (purchasing manager´s index) came out 1.3 points higher this morning, which is a surprise considering the decline in other sectors. Recently the UK economy has cooled off due to Brexit fears, but today we see that the most important sector has suddenly picked up. GBP/USD hasn´t moved a big deal but it´s still a positive factor for the Pound since other majors have lost ground against the USD. Because of this, EUR/GBP has been on the back foot this morning and we hope it continues this way since we have a EUR/GBP sell forex signal for this pair. 

EUR/GBP has been heading down this morning but the 200 MA is providing support for now

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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