Pound Recovers As U.K. Service Sector Growth Improves
03 Julho 2015 - 06:20AM
RTTF2
The pound erased its early losses against its major rivals in
European morning deals on Friday, as U.K. services PMI expanded
more-than-expected in June, following a temporary lull in May
linked to the recent election.
The headline Markit/Chartered Institute of Procurement &
Supply Purchasing Managers' Index rose to 58.5 in June from a
five-month low of 56.5 in May. It was forecast to rise to 57.5.
Data suggests that the second quarter of 2015 was the strongest
on average since the third quarter of 2014.
European stocks are trading in a negative territory, as
investors became cautious ahead of Sunday's referendum in Greece
that could seal the country's fate in the euro zone. Opinion polls
on Greece's bailout referendum point to a closely balanced result
with a slight majority in favor of accepting the creditors' latest
proposals.
In a television interview broadcast, Greek Prime Minister Alexis
Tsipras has called on Greeks to vote "no" in the referendum, which
he claimed is not an up or down vote on Greece's membership in the
Eurozone. Tsipras argued that voting against the proposals offered
by creditors would give the government more leverage in the
negotiations.
The pound was trading in a negative territory against most major
rivals in the previous session.
In early European deals, the pound recovered to 192.45 against
the yen, after having fallen to a 3-day low of 191.77 at 8:30 pm
ET. The next possible resistance for the pound-yen pair is seen
around the 195.00 mark. At yesterday's close, the pair was worth
191.94.
The latest Nikkei Services PMI showed that the services sector
in Japan continued to expand in June, and at a faster rate, with a
score of 51.8.
That's up from 51.5 in May, and it moves further above the
boom-or-bust line of 50 that separates expansion from
contraction.
The pound edged up to 1.5638 against the greenback, off early
low of 1.5601. Continuation of the pound's uptrend may lead it to a
resistance around the 1.58 mark.
The pound, having fallen to a session's low of 0.7118 against
the euro at 4:15 am ET, reversed direction with the pair trading at
0.7102. If the pound continues its uptrend, 0.70 is possibly seen
as its next resistance level.
Final data from Markit showed that Eurozone economic growth rose
to a four-year high in June.
The final composite output index rose to 54.2 in June from 53.6
in May and fractionally above the flash score of 54.1.
The pound bounced off slightly against the franc, trading at
1.4713, coming off from an early 2-day low of 1.4690. Next key
resistance for the pound may be located around the 1.48 zone.
The U.S. markets will be closed in observance of Independence
Day.
Sterling vs US Dollar (FX:GBPUSD)
Gráfico Histórico de Câmbio
De Fev 2024 até Mar 2024
Sterling vs US Dollar (FX:GBPUSD)
Gráfico Histórico de Câmbio
De Mar 2023 até Mar 2024