GB PMI - Manufacturing


Fx News Spike Signals by Crazy Cat, 2019/05/01

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 53.1
Prior: 55.1
LT1 (Lower Trigger 1): -2.5 [SELL]
UT1 (Upper Trigger 1): +2.5 [BUY]
Safety: 7

Due to Brexit issues, the market may not care about this report at all this time, as it can be totally driven by Brexit-related events.

If GB Manufacturing PMI comes out at 50.6 or less ( -2.5 trigger), GBP/USD may go down by about 20 pips. If it comes out at 55.6 or higher ( +2.5 trigger), GBP/USD may go up by 20 pips.

Based on 38 estimates, median estimate is 53.1 and average estimate is 52.9. The lowest estimate is 48.0 (one estimate), then 51.0 (one estimate), then 51.5 (two estimates), 51.7 (one estimate), then 52.0 (two votes), 52.1 (one estimate), 52.2 (one estimate), 52.5 (three votes), 52.6 (one vote), 53.0 (six votes), 53.1 (two votes), 53.5 (eight votes), 53.8 (one vote), 53.9 (two votes), 54.0 (five estimates) and finally 54.3 (one vote).

One standard deviation is +/- 1.15, up from 0.38 last month.

Forex news history and charts

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