Market insights

Global Services PMI Inbound

Sterling rates have settled down this week with little volatility.

That could change today with global services information being reported.

Previous, similar, reports have covered other sectors such as manufacturing and have led to strong moves in the currency markets.

The median reading for these reports is 50 with >50 being seen as positive and vice versa.

In and around that there's a smattering of speeches from central bank leaders such as the President of the ECB and the Chair of the FED.

Business news covers the Governments plans to renationalise railway companies as their private contracts come to an end.

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Economic calendar

EUR: 09:00 HCOB Services PMI

UK: 09:30 S&P Services PMI

EUR: 13:30 ECBs President Lagarde Speech

US: 15:00 ISM Services PMI

EUR: 15:30 ECBs President Lagarde Speech

US: 16:45 FED's Jerome Powell Speech

As ever we look forward to keeping you in the loop and look out for our next update.

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