Home » Currency Note » Currency Note » Currency Note GBP » GBP: services PMI due to be released this morning

We have the services PMI today, expected at 50.7, only just in positive territory, so any shortfall will be negative in any and all senses. Sterling recovered well following the ‘flash crash’ and we find ourselves back in familiar territory. The driving forces are more likely to be reaction to US non farm payrolls (see below) and ‘guesstimations’ about the fate of the Brexit Bill. It seems as though Europe are still ready to try and do what they can to help, yet it will need a huge effort and pressure from the British PM to succeed.

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