The PMI data of the United Kingdom for March were mixed. The manufacturing production weakened 44.6 (from 46.9 and in front of forecasts of an increase to 47.2), says Shaun Osborne, head of FX Strategy of Scotiabank.
The technicians seem up
“The services and compound data were strengthened in an impressive way and exceeded expectations, however. The strength in the services in particular suggests that the economy could be recovering some renewed impulse after a period of stagnation. It is expected that the data of the IP of the United Kingdom in the middle of the week reflect a slow progress in the deceleration of inflation, reinforcing the cautious rhythm of the rhythm of the rhythm of the rhythm of the rhythm of the rhythm of the rhythm We will probably see in the coming months, however. “
“GBP profits are developing strongly in the session. A solid rebound from the upper part of 1.28 has exceeded Friday’s intradic roof after the pound previously established a new minimum minimum. The price is drawing a reversal of the outer rank, in effect, counteracting the action of the bearish price that took place at the end of last week. The profits are expected to extend to the lower part of 1.30. The resistance is in 1,3015 and 1,3120. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
