Services-PMI in the UK better than expected, GBP and AUD continues to rise

The UK continues to show economic strength and the Australian dollar, after better-than-expected GDP, and increase further.

British data confirm stable growth

The data released today to the Services PMI in the UK has far exceeded the expectations of the forecasts. After the index had risen in August by 3.0 points and for the seventh time in a row already, a decrease of 1.2 points was forecasted for thist month. The publication now showed a value of 60.5 points, an increase of 0.3 points versus last month. Overall, the index may thus have an increase of 9.0 points since last February.

The British economy is, based on the figures published in the past few weeks, in a stable growth and the GBP can expand its course against all counterparts. The GBP/USD rises to 0.41% at a current rate of 1.5623 and the EUR/GBP gains currently 0.43% at 0.8427. Against the JPY the British pound currently registered a growth of 0.40% at 155.59.

AUD is rising the third day in a row

The Australian dollar could continue its upward trend today on the third day in a row, after the today published Australian GDP at 2.6%, and was 0.1% higher than expected. As a consequence, the AUD has risen sharply in all pairs.

The AUD against the USD rose 1.10% currently at 0.9160 and the JPY currently 1.06% at 91.17. The pair EUR / AUD is currently at 1.00% at 1.4391 after.

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