Daily Market Report
Technical Analysis Daily Majors & Minors
GBP/USD has come back off after a bounce through onto the 1.66 handle. Month end flows had been lifting the pair – but will it continue after market news release of Manufacturing PMI results at 9:30am?
Quick Daily update
• Barclays Bank sells Spanish businesses for £633m to the country's third
largest lender CaixaBank.
• A single, larger hub airport where passengers can transfer to a range of
destinations - is "critical" to the UK's long-term economic growth, says the CBI.
• China's manufacturing activity misses expectations in August, indicating that
the country's economy may be losing momentum.
Daily News To Watch
Monday, 1st September 2014 Previous Forecast Actual
09:30am GBP Manufacturing PMI 55.4 55.1
No further market as of US AND CANADA Bank Holidays.
By Nikhil Pankhania
Senior Market Analyst & Trader