US: ISM Non-Manufacturing PMI up a notch in October

FXstreet.com (Barcelona) - The US ISM Non-manufacturing PMI surprised to the upside rising to 55.4 in October, from 54.4 recorded in September, according to data released by the Institute for Supply Management. Analysts expected a drop to 54.

Nov 5, 2013

EUR/GBP conviction on a breach of 0.84 handle?

EUR/GBP has dropped from the sideways performance and support 0.8460 to currently test the handle. Given the lack of success the market has had this year in predicting Draghi’s action and rhetoric it is no surprise that people are reluctant to place many chips on the outcome of Thursday’s gathering.

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Nov 5, 2013

Flash: Sterling enjoys optimism –TD Securities

Richard Kelly, Head of European Rates and FX Research at TD Securities noted that the UK Services PMI for October blew through even the most optimistic forecasts once again, rising from 60.3 to 62.5 and avoiding the small decline that the market was looking for.

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