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

View
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

GBP_2.jpg

                                                                                                    LOG IN

Similar

The ECB is going to move the euro

The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.  

Popular

The ECB is going to move the euro

The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.  

Choose your payment system

Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later