Latest data released by Markit - 22 June 2018

  • Prior 54.4
  • Services PMI 56.4 vs 54.3 expected
  • Prior 54.3
  • Composite PMI 55.6 vs 54.2 expected
  • Prior 54.2

The manufacturing reading falls to a 16-month low, but then the services and composite components show a marked rise. Overall, that should be a good boost for the ECB and Eurozone sentiment.

EUR/USD now jumps to a session high of 1.1670 as it looks to firmly clear the 200-hour MA level alongside the GBP/USD who is on the verge of breaking the 1.3300 handle as well after also breaking the 200-hour MA.