US100 and U.S. stock futures are in the red, suggesting a weak start in Europe, after modest gains yesterday. How will EURGBP behave today? Let's look into this 4 October EURGBP Technical Outlook from HotForex.
EU and German Markit PMI
The Services EU reading is seen at 55.6, and should see the composite confirmed at 56.7, while German Service PMI and Composite anticipated unchanged at 55.6 and 57.8 respectively. The UK Service is seen unchanged as well at 53.2.
4 October EURGBP Technical Outlook (Video)
GBP and EUR in play this morning, and EURGBP picked up on positive PMI numbers out of Eurozone.
4 October EURGBP Technical Outlook article was written by Stuart Cowell, the Market Analyst at HotForex. This article is provided as a general marketing communication for information purposes only. It does not constitute an independent investment research. Nothing in this communication contains an investment advice or an investment recommendation. It also does not contain a solicitation for the purpose of buying or selling of any financial instrument.
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