UK Services PMI - Quick Blip
The price action response to this news has not been doing so well on this news release recently. September saw a big -2.9 drop and although it spike down 35 pips initially it quickly retraced. Likewise today a +1.6 did lead to a quick +20 pip blip higher which quickly reversed lower.
There was a rumor of a higher release during the London open although GBPUSD did not rally anymore than the EURUSD or AUDUSD was. Here is the 10 second chart of the price action after the release.
Monday, December 05, 2011
UK Services PMI - Just a quick blip
Labels:
GBPUSD,
Services PMI,
UK
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