country flagالعربية

Britain manufacturing PMI falls, GBP widen losses

2017-07-03 01:16 pm | Resource: | No Views : 422

The British economy released today the Manufacturing PMI Indicator for June, which showed a falls to 54.3 versus 56.3 in May. However, Market expectations were to expand to 56.4.

At 12:56 pm GMT, The GBP/USD pair slip’s to 1.2949 by 0.58% from opening levels at 1.3005, after reaching a lowest level during the session at 1.2944 and a its highest level was at 1.3024.

Eyes of investors are looking forward right now to the chairman of the Financial Stability Board & BOE governor Mark Carney speech In advance of the G20 Leaders’ Summit in Hamburg this weekend.

Moreover, Carney may explaining how regulatory reforms since the financial crisis have made the financial system safer, simpler and fairer.

Furthermore, Markets also looking forward for Bank Of England chief economist Andy Haldane closing remarks at the Bank of England's research conference, in London later today.

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 22 March 2019

Time frame Used - four hours The USD/JPY is moving in a bearish direction in the near term. The USD/JPY was able to take control of the USD/JPY movement after the US Federal Reserve's decision to fix the US interest rate as the USD/JPY broke down at 111.12 to hit at 110.35. In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.