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Market focus on Eurozone PMI, UK PMI awaited as well - TDS

FXStreet (Delhi) - Prashant Newnaha, Rates Strategist at TD Securities, suggests that the European investors are focusing on the release of Eurozone and UK PMI data in today’s session.

Key Quotes

“EUR We get final readings of French, German, and euro area Manufacturing PMIs for September. The preliminary data held up well to the recent global market volatility, with both us and consensus not expecting major surprises.”

“GBP Markets are looking for 51.3 for UK manufacturing PMI (prior 51.5) but we see downside risks to 50.8 in Sep. The strong GBP has brought the index down from its 2013 highs and any reading above 50 should be seen as a good sign for UK manufacturers.”

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