Tomorrow is the first of the month and the day arrives with a treasure trove of data from Europe. Given the importance of the figures’ release, we can expect some extra volatility in the pound and euro pairs. Lately, both currencies have been relatively stronger in comparison to the softer dollar. We might get some data though that could change that situation. One of the most important figures come from the Purchasing Managers Index surveys. Businesses manage their inventories with a few months of anticipation, so the data would represent how major firms see the economic situation evolve in a few months. This is ... (full story)