Back
23 Apr 2013
Forex: EUR/GBP jumps to 0.8568 high on Markit PMI data
FXstreet.com (Barcelona) - The market is rising higher ahead of the European opening as the French PMI services figure came in higher for the preliminary release of April data, up from 41.3 to 44.1 and above 42.0 consensus. The manufacturing figure rose from 44.0 to 44.4, above 44.3 consensus. Next in line in Germany and EMU data. The EUR/GBP moved from its opening price at 0.8544 to 0.8568 high, where it is stalling at the moment.
The UK will also have data updates in today’s economic calendar. UK PSNB is expected to rise from £4.356B to £14.000B in March and UK CBI Industrial Trend Survey (Orders) should fall again, by -0.14% in March following a -15% drop in the prior month.
Mataf.net analysts point to resistance at 0.8550, 0.8565 and 0.8585. On the downside, supports might be found at 0.8535, 0.8520 and 0.8490.
The UK will also have data updates in today’s economic calendar. UK PSNB is expected to rise from £4.356B to £14.000B in March and UK CBI Industrial Trend Survey (Orders) should fall again, by -0.14% in March following a -15% drop in the prior month.
Mataf.net analysts point to resistance at 0.8550, 0.8565 and 0.8585. On the downside, supports might be found at 0.8535, 0.8520 and 0.8490.