OctaFX | OctaFX Forex Broker
Open trading account

UK August Services PMI expected to drop to 58.5 - TD Securities

FXStreet (Łódź) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities believes that UK Services PMI fell from 59.1 in July to 58.5 in August, in line with general consensus.

Key quotes

"After the softer manufacturing report, the risks here may lie slightly to the downside."

"While there still appears to be strong momentum through Q3, the cold and rainy weather likely weighed on services activity during the month."

EUR/USD took a respite after a long trip to yearly lows

EUR/USD opened the day at 1.3131, lost ten pips during the Asian morning, and rebounded above 1.3141 session high at European morning.
Read more Previous

GBP/USD takes a breather after fresh 6-month lows

The GBP/USD is staging a minor bounce after yesterday sell off took it to its lowest in 6 months amid fears of a yes vote in Scotland.
Read more Next
Start livechat