UK PMI numbers continue to surprise to the upside this week. While this string of positive data is not enough to declare a robust recovery in the UK, it certainly can be enough to keep the Bank of England from moving on monetary policy tomorrow and allow them to wait-and-see. With ECB out of the way today, traders look ahead to tomorrow’s BoE interest rate announcement.
- UK Markit/CIPS PMI: Services Surprise To Upside (Forex Live)
- UK Services PMI & GDP Growth (Reuters)
- European Central Bank in Graphics (Reuters)
- ECB hints at early end to covered bond program (Reuters)
- EURGBP Update (50’s Blog)
- GBPJPY Daily Chart (Wright Foreign Exchange)
- GBPUSD 4 hour chart (Chart.ly)
- Retail Trader Positioning 4th April (Pivot Farm)