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US: Chicago PMI disappoints at 49 in April

FXstreet.com (Barcelona) - The April Chicago PMI has dropped below the 50.0 threshold, from 52.4 to 49.0, instead of rising to 52.5 as expected.

US Chicago Purchasing Managers' Index declines to 49 in Apr from 52.4 in Mar

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Forex: EUR/GBP strengthens above 0.8450

The Euro is rising strongly on the back of the New York opening, having broken above the 0.8450 area and reached the current high of 0.8474, as investors price in expectations ahead of the ECB and FOMC meetings.
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