Fx Primus Rebates

Sterling pulls ahead after UK services PMI beat

GBP/USD rises to a session high of 1.3379 And is looking to test the 1.3400 handle once again. Yesterday’s highs stalled near the figure level as offers kept a lid on the pair and it fell towards the confluence of the 100-hour (red line) and 200-hour (blue line) moving averages.

Fx Primus Rebates

UK May services PMI 54.0 vs 53.0 expected

Latest data released by Markit/CIPS – 5 June 2018 Solid beats, and sterling jumps on the release. GBP/USD up to a high of 1.3360 from 1.3330 levels earlier. The services reading is the highest since February, and Markit points out that this means UK GDP is estimated to grow at a quarterly rate of 0.3%…

Fx Primus Rebates

Eurozone May final services PMI 53.8 vs 53.9 prelim

Latest data released by Markit – 5 June 2018 Preliminary readings can be found . here A little lower revision on the services print, but the composite reading is in line with the preliminary release. Not much to impact the market given the circumstance but just a little reminder that the soft patch in Q1…