-
GBP/USD: Trading the UK Services PMI
British Services PMI is based on a survey of Purchasing Managers in the services industry. The survey asks respondents for their view of a wide range of business conditions, including employment, new orders, prices and inventories. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 8:30 GMT. Indicator Background UK Services PMI has been losing ground since October, raising concerns about the health of the British services sector. The February reading came in at 52.8 points, and no change is expected in ... (full story)