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Germany: PMI Services down a notch in February

German PMI Services decreased to 54.7 points in February, from 55.7 points in January, according to data released today by Markit. The result is above market consensus of a fall to 54.1 points.

Forex: EUR/GBP rallies on EMU Services PMI, waiting for UK data

Better than expected figures in the German and French Markit Services PMI are boosting euro sentiment against its counterparts. The final reading of February PMI Composite in the Eurozone only eased from 48.6 to 47.9 (consensus of 47.3). The EMU services PMI had the same values. The EUR/GBP rallied to 0.8633 high.
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Forex: EUR/USD in session highs after German PMI

The single currency is posting fresh highs above 1.3070 after better-than-expected services PMI prints from France, Germany and the euro zone as a whole, leaving behind the drops from Italy and Spain....
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