This website use cookies to improve your experience, when you visit our site.

Data from the euro zone can not convince, GBP increases.

The data released today from the euro zone could not convince investors and led to losses of EUR. Although they slightly exceeded the forecasts, the data were to the Purchasing Managers Indexes almost all of the important mark of 50 points. Only the German service sector purchasing managers' index was at 51.3 points, but it was 1.2 points below the forecast and thus was more of a negative signal. The EUR fell in most pairs during the morning. The pair EUR/USD is currently at 1.3266 a loss of 0.1%, EUR/JPY currently recorded a loss of 0.61% and stands at 130.62.

The GBP benefited from data of the Services Purchasing Managers' Index in the United Kingdom. This far exceeded the forecast of 57.2 points with a value of 60.2 points. As a consequence, the GBP has expanded in all GBP pairs. Against the EUR, the increase in the GBP is currently 0.50% with a rate of 0.8642. The GBP/USD pair rose by 0.37% and currently stands at 1.5248.

 

Risk Warning / Disclaimer

The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.

Forex Brokers Reviews

  • XM Broker Review

    XM is an investment firm founded by financial professionals and headquartered in London, UK. XM's ambition is to provide fair trading for investors and traders, even with no negative balance with...

    Read more: XM Broker...

  • ThinkMarkets Broker Review

    ThinkMarkets is a global Forex and CFD broker established in 2010. The company has its origins in Australia, where it is licensed and regulated since 2012 by the ASIC under the name TF Global...

    Read more: ThinkMarkets...