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  • UK services growth weakest in over three years in April

    From markiteconomics.com

    UK service sector growth weakened in April, according to the latest PMI® survey data from Markit and CIPS. The rate of expansion slowed for the third time in the past five months, to the weakest since February 2013. Although new business growth picked up slightly, it remained relatively subdued and business optimism was the joint-weakest in over three years. Firms commented on prevailing economic uncertainty, partly linked to the forthcoming referendum on EU membership. The latest survey data also signalled the strongest upward pressure on input prices since January 2014, linked to the introduction of the national ... (full story)

sell gbpusd now
  •  Guest
  • | IP XXX.XXX.207.161
why the GbP being stronger after a negative new? i dont understand
@kuncung: SL hit?? LOL
was it priced in?
Im guessing the market moved up on the GBPUSD as the figure was still over 50, there should still be a bearish move on though... otherwise Goldfinger might be right, and it may have been priced in already.
There may be an unwillingness to buy into the USD pre the NFP tomorrow.
Also as a rule I look for a the pull back before entering the market.
  •  Guest
  • | IP XXX.XXX.249.251
any idea why Switzerland, France and Germany are on holiday today, and not other European countries? thanks for any answer.
i think it was priced in considering that the GBPUSD dropped ~50 pips in the 2 hours before the news release
Only EURGBP idiots.
Spanish 10yr bond cheaper than UK 10yr bonds !!

Quoting Guest
any idea why Switzerland, France and Germany are on holiday today, and not other European countries? thanks for any answer.
They wanted to be at home in front of the TV when the PMI figures were released....
Carbon-Dioxide: the gas of life!
Quoting Guest
any idea why Switzerland, France and Germany are on holiday today, and not other European countries? thanks for any answer.
they are all observing Ascension Day... its a religious holiday so i guess other countries arent heavily into christianity
Quoting jajano
@kuncung: SL hit?? LOL
no sl , i got profiiiitt
Quoting Exodus
Spanish 10yr bond cheaper than UK 10yr bonds !!


They wanted to be at home in front of the TV when the PMI figures were released....

how did u indicate spanish 10 yr bond cheaper than uk?

so based on below- the bid to cover for uk is so much lesser than the spanish bonds and also the yield is higher than the spanish bonds, hence spanish bond is cheaper?

I was thinking after this bond issue data out, why GBP dropped so much..is that what u saying this might be the reason? thaNKS!



Auction results are reported in an 'X.XX|X.X' format - the first number is the average interest rate of the bonds sold, and the second number is the bid-to-cover ratio (number of bids made per bid accepted). Source does not give an exact release time - this event will be listed as 'Tentative' until the data is released;
Why Traders
CareYields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence;
Also CalledGilt Auction, Treasury Auction;
Quoting giggsy
how did u indicate spanish 10 yr bond cheaper than uk? ....
Go to the FF home page, look at today's data announcements.

8:50am (GMT) Spanish 10yr bond @ 1.59% with 4.3 times over-subscribed
9:33am (GMT) UK 10yr bond @ 1.66% and only 1.8 times over-subscribed.

To me this means investors prefer Spanish 10yr bonds over UK 10yr bonds.
That percentage is what the governments have to pay to place their bonds.
Carbon-Dioxide: the gas of life!
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