UK Services and Manufacturing PMIs are announced on Friday at 11:30 MT time.
Trade the GBP on the news
Services sector represents the biggest part of the British economy. As a result, its performance makes the key contribution to the nation’s economic growth. UK services PMI will be released at 11:30 MT time on October 3. The last time the indicator was released on September 5. Back then the index turned out to be much higher than expected (54.3 versus the forecast of just 53.9). GBP/USD went up after the release from support at 1.28. The day’s high was at 1.2980.
• If services PMI is bigger than expected, the GBP will rise.
• If services PMI is smaller than expected, the GBP will fall.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The Federal Open Market Committee will make its statement and announce the interest rate on July 29, at 21:00 MT time.