GB PMI - Services


Fx News Spike Signals by Crazy Cat, 2019/04/03

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 50.9
Prior: 51.3
LT1 (Lower Trigger 1): -1.9 [SELL]
UT1 (Upper Trigger 1): +1.9 [BUY]
Safety: 7

Due to Brexit events, be careful when trading anything out of Great Britain. The market is very focused on Brexit talks now.

If GB Services PMI comes out at 49.0 or less ( -1.9 trigger), GBP/USD should go down by about 15 pips. If GB Services PMI comes out at 52.8 or higher ( +1.9 trigger), GBP/USD should go up by about 15 pips.

Based on 32 estimates, the median estimate is 50.9 and the average estimate is 50.9. The highest estimate is 51.5 (two votes), then 51.4 (one estimate), 51.3 (three estimates), 51.2 (one vote), 51.0 (eight votes) and 50.9 (three votes).

The lowest estimate is 50.0 (two estimates), then 50.3 (one vote), 50.5 (five estimates), 50.6 (two votes), and finally 50.8 (four estimates). One standard deviation is +/- 0.38, down from 0.64 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.

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