Market insights

Expect A Bumpy End To The Week

Today sees the release of the monthly services and manufacturing data provided by S&P Global.

Referred to as the purchasing managers index or PMI for short.

It's an indication of how much companies are spending in these sectors.

A balanced reading comes in at 50. Higher suggests expansion and vice versa.

The expectation for today is for services to be above 50, and manufacturing generally below 50.

Last month these figures, especially for GBP/EUR caused a bit of a stir.

Dotted in an around that we see speeches from central banks which is fairly typical when times are turbulent.

Business news discusses the Governments comments to change leasehold arrangements for properties in the UK to effectively make the properties have indefinite lease lengths.

Get your free quote now

Economic calendar

EUR: 09:00 Services and Manufacturing PMI

UK: 09:30 Services and Manufacturing PMI

US: 14:45 Services and Manufacturing PMI

As ever we look forward to keeping you in the loop and look out for our next update.

Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.

Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.

Open a free account

It is free and easy
Register