GB PMI - Services

Fx News Spike Signals by Crazy Cat, 2018/02/05

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 54.1
Prior: 54.2
LT1 (Lower Trigger 1): -1.8 [SELL]
UT1 (Upper Trigger 1): +1.8 [BUY]

If GB Services PMI comes out at 52.3 or less ( -1.8 trigger), GBP/USD should go down by about 15 pips. If GB Services PMI comes out at 55.9 or higher ( +1.8 trigger), GBP/USD should go up by about 15 pips.

Based on 28 estimates, median estimate is 54.1 and the average estimate is 54.2. The highest estimate is 55.0 (two votes), then 54.9 (one estimate), 54.8 (one estimate), then 54.7 (one vote), 54.5 (three votes), 54.5 (three votes), 54.4 (two votes) and 54.2 (one estimate).

The lowest estimate is 53.0 (one estimate), then 53.5 (two votes), 53.7 (one estimate), 53.8 (four votes), and finally 54.0 (six estimates). One standard deviation is +/-0.49, up from 0.38 last month.

Sometimes this report works OK and sometimes it doesn't so I don't recommend placing big orders, especially if you choose to select even smaller triggers.

Please browse our Forex news calendar to see how it was performing in the past.

Forex news history and charts

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