The Traderszone Network

Published in TZ Latest News 5 August, 2015 by The TZ Newswire Staff

Poor PMI’s not deterring pound longs

The quid remains firm after drop in Services PMI
To be honest I was expecting a bigger move south on that number with the BOE hattrick tomorrow.
It wasn’t a terrible number but it could have added weight to dovish interest rate expectations. The price tells the story and we’ve already had one clue with the reaction to Lockhart’s overnight comments in other dollar pairs