Latest data released by Markit/BME - 24 October 2018

  • Prior 53.7
  • Services PMI 53.6 vs 55.5 expected
  • Prior 55.9
  • Composite PMI 52.7 vs 54.8 expected
  • Prior 55.0

Softer touches on all fronts for the German economy. Though these are just survey prints, it's not a good sign and doesn't bode well for Q4 data that is to come. The euro has been hit by a fresh wave of selling over the past ten minutes and EUR/USD slips to a low of 1.1427 before recovering now to 1.1442 levels on the day. The pound also sees a similar fall on the back of that too.