Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

Will the GBP get stronger on PMIs?

Will the GBP get stronger on PMIs?

Information is not investment advice

UK Services and Manufacturing PMIs are announced on Friday at 11:30 MT time.

Instruments to trade: EUR/GBP, GBP/USD, GBP/JPY, GBP/CHF

The GBP is in a hard position now – as it apparently will be during the entire 2020. On the one hand, the British authorities are coming up with strong monetary stimulus and other measures to fight off the virus fallout and jump-start the UK economy. On the other hand, Boris Johnson’s stance in Brexit negotiations is becoming more and more rigid. In the meantime, the British economy is contracting in almost all spheres at a frightening pace. Although the situation has been somewhat stabilizing since April, the latest PMI results are still below the key mark of 50.0 that would signal the industry expansion. Therefore, some good news from this front would definitely help the GBP to stay afloat.

  • If the PMIs reveal better-than-thought results, the GBP will rise;
  • Otherwise, it will fall.

Check the economic calendar


                                                                                                    LOG IN


Main market movements on July 31

The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.

Main market movements on July 30

The market sentiment switched to risk-off after the Fed’s Powell statement. The USD edged higher, while risker assets started falling after reaching quite high levels. Let’s have a closer look.


Big day for USD

The US NFP will be published on August 7 at 15:30 MT time.

All eyes on AUD

The RBA will make a rate statement on August 4 at 7:30 MT time.

Choose your payment system

Learn more