Latest data released by Markit - 22 March 2019

  • Prior 49.3
  • Services PMI 52.7 vs 52.7 expected
  • Prior 52.8
  • Composite PMI 51.3 vs 52.0 expected
  • Prior 51.9

The release here very much reflects the earlier sentiment seen from both the French and German readings. The overall impact to the composite reading is not as pronounced as what we saw from Germany but it continues to fall further and move closer towards contraction territory, which isn't a good thing.

EUR/USD sits just above the 1.1300 handle now near 1.1310. EUR/GBP is hovering around 0.8630 off lows seen around 0.8615 earlier.