Latest data released by Markit - 22 March 2018

  • Prior 58.6
  • Services PMI 55.0 vs 56.0 expected
  • Prior 56.2
  • Composite PMI 55.3 vs 56.8 expected
  • Prior 57.1

As highlighted earlier, more of the same with the French and German readings. A miss on expectations and a decline. Further underlining the fact that Eurozone growth may have seen its peak in December.

The slew of lower PMIs is weighing on the euro a little, with EUR/USD at 1.2357 off the highs seen at 1.2388 earlier. EUR/GBP is at session lows of 0.8719, and EUR/CHF is near the lows of the day at 1.1701.