We started the London session with headline in U.K.
The service PMI came out as positive surprise at 54.5, i personally did not trade as i”m bearish in GBP and am waiting for bearish event to get me in.
However, 30 minutes after that we had High Court ruling in favour of UK parliament, so now the triggering of article 50 or even the whole Brexit has to go through parliament. It is a really good news for UK and we saw GBP surged today.
Then at NY session the BOE rate decision came out as expected, unchanged.
Later ISM non-manufacturing PMI from USD was slightly negative.
Sentimentally, the negative sentiment still shadowed the whole financial market with equity markets once again all red, WTI once again red and closed below $45 per barrel.
The U.S. election still plays the large uncertainty in the world now.
We started the London session with headline in U.K.
The service PMI came out as positive surprise at 54.5, i personally did not trade as i”m bearish in GBP and am waiting for bearish event to get me in.
However, 30 minutes after that we had High Court ruling in favour of UK parliament, so now the triggering of article 50 or even the whole Brexit has to go through parliament. It is a really good news for UK and we saw GBP surged today.
Then at NY session the BOE rate decision came out as expected, unchanged.
Later ISM non-manufacturing PMI from USD was slightly negative.
Sentimentally, the negative sentiment still shadowed the whole financial market with equity markets once again all red, WTI once again red and closed below $45 per barrel.
The U.S. election still plays the large uncertainty in the world now.