UK S&P Global Services PMI Sep P: 51.9 (est 53.5; prev 54.2)
- Manufacturing PMI: 46.2 (est 47.1; prev 47.0)
- Composite PMI: 51.0 (est 53.0; prev 53.5)
Lower than expected PMI data may reduce market bets on more hawkish BoE stance regarding interest rates policy. That's why we observe bearish momentum on GBPUSD pair.
Daily summary: Wall Street gains, oil slides from the local high 📌
Technical analysis 📈 Gold gains 1.5% amid weakening US dollar
📈 EURUSD gains 0.5%
US Open: Wall Street gains lose momentum 📉 Caterpillar shares rally after earnings