Wednesday, September 3, 2014

Services PMI in UK grows

Services PMI hit 60.5, showing a strong growth in the services sector. It was forecast that the PMI would be 58.6 and recorded a figure of 59.1 last month. 

The GBP/USD pair was relatively bullish prior to the data, and had a significant climb for the next few hours.













On the other hand, GBP/JPY was pretty much uncertain and actually dropped a few minutes after the PMI figures were out. 

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