Services PMI

/Services PMI

august, 2019

05aug8:30 am8:30 amServices PMIIMPACT: GBPUSD & GBP CROSSES8:30 am - 8:30 am UTC Event Type :Medium Impact Time has ran out! Better luck next time!

Event Details

What is this event?

It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy.

Measures

Level of a diffusion index based on surveyed purchasing managers in the services industry.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for currency.

Frequency of event

Released monthly, on the third business day after the month ends.

Source of Data

Markit (latest release)

Time

(Monday) 8:30 am - 8:30 am

UK Flag - GBP

Leave A Comment