GB PMI - Manufacturing

Fx News Spike Signals by Crazy Cat, 2019/06/03

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 52.2
Prior: 53.1
LT1 (Lower Trigger 1): -2.2 [SELL]
UT1 (Upper Trigger 1): +2.2 [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 50.0 or less ( -2.2 trigger), GBP/USD may go down by about 15 pips. If it comes out at 54.4 or higher ( +2.2 trigger), GBP/USD may go up by 15 pips.

Based on 27 estimates, median estimate is 52.2 and average estimate is 52.2. The lowest estimate is 51.0 (two estimates), then 51.2 (one estimate), then 51.5 (one estimate), 51.6 (one estimate), then 51.9 (one vote), 52.0 (seven estimates), 52.2 (one estimate), 52.4 (one vote), 52.5 (six votes), 52.6 (two votes), 52.7 (one vote), 52.8 (one vote), 52.9 (one vote), and finally 54.0 (one vote).

One standard deviation is +/- 0.62, down from 1.15 last month.

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