UK PMIs Coming

 Posted by at 12:47 PM  FX Market
Feb 212020
 

UK PMIs coming at 1730H (+8GMT)

UK Flash Manufacturing PMI 49.7
UK Flash Services PMI 53.4

Market expectation is for UK PMIs to decline. I’d wait to trade after release of data. If GBP goes up, I’ll short it against USD. If GBP goes down, I’ll buy it against AUD or NZD.

Trader H

TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.

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