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.

Banner XM

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

  • Exness

    EXNESS is a broker who is working since 2008 in the Forex-Market. The company's headquarters is located in Auckland / New Zealand under the name EXNESS (NZ) Ltd. and is registered and regulated by...

    Read more: Exness

  • FXopen

    FXOpen is an founded in 2005 broker, and one of the world's fastest growing providers. The company is headquartered in Auckland, New Zealand, as FXOpen NZ Ltd and has, in addition to the New Zealand FSPR...

    Read more: FXopen

Binary Option Brokers

  • 24option

    24Option is operating since 2009 in the market for Binary Options, and one of the most established brokers. The company is regulated by the CySEC since 2013, and is licensed under the license no....

    Read more: 24option

  • anyoption

    anyoption™ is a broker which is specialized in trading with binary options since its inception in 2009. The company is based in Cyprus, where it is licensed and regulated by the CySEC. In its...

    Read more: anyoption

Live Cross Rates

The Forex Quotes are powered by