05 June 2017 UK Services Sector PMI Data Disappoints, Confirms Slowing Economy

Yes this is election week, but we will be watching the release of Service PMI data from IHS Markit and the CIPS at 09:30 on Monday.

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04 May 2017 Services PMI Data Jumps, Yet Pound Sterling Won't Budge!

UK economic data has been strong this week, but Pound Sterling has shown little inclination to react.

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05 April 2017 UK Services PMI Beat Gives Pound First Tailwind of the New Month

Foreign exchange markets will be watching the outcome of the release of UK service sector PMI data due for release at 09:30 on Wednesday, April 5.

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03 March 2017 British Pound Drops as UK Services PMI Heralds Economic Slowdown

Pound Sterling exchange rates will take a cue from the release of data concerning the all-important UK services sector on Friday, March 3.

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05 January 2017 UK Economy Grew Quicker AFTER the EU Referendum than it did Prior

This is the big one - the services PMI tends to have more of an impact on markets because the service sector accounts for more than 80% of the UK economy.

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05 December 2016 The UK Economy to Grow 0.5% in 4th Quarter Suggest Services, Construction and Manufacturing PMI Data

Services PMI data released on Monday November 5 caps the strong start to the month for UK Economy and ensures 2016 will end on a positive note.

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03 November 2016 UK Quarterly GDP Growth Seen at 0.5% Following Services PMI Beat

Pound Sterling nudged higher on Thursday October 3rd following the release of better-than-forecast Services PMI data from Markit and the CIPS.

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05 October 2016 British Pound in Flash-Crash Against US Dollar and Euro on Exchange Rate Markets - Why?

Despite GBP falling yet further on Wednesday we are hearing increased chatter that the sell-off is potentially now overdone. But a trigger is required to stimulate any kind of recovery.

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05 September 2016 Pound Sterling Holds Advantage v US Dollar, Euro as Services PMI Gives the Feel-Good Factor

The new week kicks off with market focus turning to the release of the IHS Markit and the CIPS Services PMI.

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03 August 2016 The Pound's Strength Against Euro, Dollar Holds as Service PMI Data Steadies

For GBP, the focus in mid-week trade will be the outcome of the release of the Service PMI reading from Markit and the CIPS.

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21 July 2016 Pound Slumps as Post-Brexit Vote Flash PMI Show a Slump in Economic Activity

The GBP/EUR pair declined on Friday after Manufacturing and Services PMI for both the UK and Eurozone, were released and the UK data underperformed.

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03 June 2016 Services PMI Data Surprises to the Upside, Pound Mixed on Friday

The British pound is mixed on Friday as the UK’s all-important service sector continues to grow despite the impending June 23rd EU referendum.

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05 May 2016 UK Services Betray the Return of Inflation - But Will the Bank of England Take Note?

The Bank of England will surely have to take note of the fact UK prices are rising at a rate that is subduing economic growth.

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04 May 2016 Pound to Euro Exchange Rate Forecasts Week-Ahead: Balancing the Arguments

GBP has turned lower against the euro and questions are now being asked as to whether the currency pair could fall below its lowest levels of 2016 over coming weeks.

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03 April 2016 British Pound Predicted to Test 1.4065 Against US Dollar as Services PMI Numbers Betray a Sluggish UK Economy

GBP/USD has been moving broadly sideways since the January lows, tracing out a rough range between 1.38 and 1.46.

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