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Tag: British Services PMI

GBP/USD – British Pound Gains Ground on Strong Services PMI

The British pound has moved higher in the Tuesday session. In North American trade, GBP/USD is trading at 1.3376, up 0.46% on the day. On the release front, British Services PMI improved to 54.0, marking a 3-month high. This beat the estimate of 52.9 points. On the release front, U.S manufacturing and employment reports were […]

GBP/USD – British Pound Higher as Construction PMI Beats Estimate

The British pound has moved upwards at the start of the week. In Monday’s North American session, GBP/USD is trading at 1.3384, up 0.25% on the day. On the release front, British Construction PMI remained unchanged at 52.5 in April, above the estimate of 52.0 points. There is just one event on the calendar, with US […]

GBP/USD – Pound Dips to 4-Month Low, British Services PMI Misses Estimate

The British pound continues to falter session and has edged lower in the Thursday session. In North American trade, GBP/USD is trading at 1.3551, down 0.16% on the day. On the release front, British Services PMI improved to 52.8, but still fell short of the estimate of 53.5 points. Over in the US, unemployment claims […]

GBP/USD – Pound Stems Slide as Construction PMI Beats Estimate

The pound has steadied in the Wednesday session, after recording sharp losses in the Wednesday session. In North American trade, GBP/USD is trading at 1.3603, down 0.07% on the day. On the release front, British Construction PMI improved to 52.5, above the estimate of 50.5 points. Over in the US, ADP Nonfarm Payrolls dropped to 204 thousand, […]

GBP/USD – Pound Drops as UK Services PMI Disappoints

The British pound has posted considerable losses in the Monday session. In North American trade, GBP/USD is trading at 1.4009, down 0.79% on the day. On the release front, the focus was on the services sectors. British Services PMI slowed to 53.0, missing the estimate of 53.0 points. Later in the day, the UK releases British […]