Sterling data- Services PMI worse than expected!

October 3, 2014 We just had some sterling data out which was Services PMI out at 58.7 after an expected 59.1. This is obviously worse than before and has given cable some more weight on the downside. This may change depending on what the NFP has to offer later on today!

What if NFP is better than expected??

October 3, 2014 If we see a good job report (Nonfarm Payroll) from the US this afternoon then it is bad news for businesses as Fed’s might increase interest rates sooner than expected.

ECB Interest rate decision

October 2, 2014 ECB Interest rate decision remains the same at 0.05%. The press conference in 10 minutes from now, expect some volatility!