How did EU Services PMI Impact EURUSD?


Britain and the EU have failed in striking a Brexit divorce deal during talks in Brussels on Monday. However, some may wonder, how did EU Services PMI Impact EURUSD?  Get an overview here.

5 December, HotForex – There has been no breakthrough deal made on Brexit as was initially announced by EU’s Barnier, after the UK Prime Minister Theresa May lunch with EU Commission president Jean Claude Juncker as Irish border issue thwarted the deal. Services activity commenced, headlining Tuesday with Eurozone economies tending to follow the track of manufacturing and report further improvement.

How did EU Services PMI Impact EURUSD?

USD Bid as Euro Area Service PMIs in line –  Eurozone Services PMI confirmed at 56.2, up from 55.0 in the previous month and in line with the preliminary reading, the composite was confirmed at 57.5, up from 56.0 in October. U.K. Services PMI came weaker than expected at 53.8, vs 55.6 in October.

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This article about How did EU Services PMI Impact EURUSD? was written by Stuart Cowell, Market Analyst at HotForex. The provided article is 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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