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

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