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CTygeHT predicted bearish impact of Markit Manufacturing PMI in the Fundamental analysis Contest

callisto822 liked a forecast in Fundamental analysis Contest

engabood predicted bearish impact of Markit Manufacturing PMI in the Fundamental analysis Contest

In the UK, the manufacturing PMI increased strongly to 51.9 last month. The indicator recorded another business expansion, but it's expected to record the same result as the recent 51.9, or even worse by recording a decrease as a correction down, after four consecutive increases and reaching the highest since May 2019.
Bearish for GBP/USD.

callisto822 liked a forecast in Fundamental analysis Contest

krasimik predicted bullish impact of Markit Manufacturing PMI in the Fundamental analysis Contest

callisto822 liked a forecast in Fundamental analysis Contest

rashadali predicted bearish impact of Markit Manufacturing PMI in the Fundamental analysis Contest

anufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction.
Because of global slow down and virus panic and also EU-UK trade agreement problems I expect worse than expected numbers. Which will impact GBPUSD negatively.

callisto822 liked a forecast in Fundamental analysis Contest

Eco predicted bullish impact of Markit Manufacturing PMI in the Fundamental analysis Contest

callisto822 liked a forecast in Fundamental analysis Contest

WallStreet6 predicted bearish impact of Markit Manufacturing PMI in the Fundamental analysis Contest

callisto822 liked a forecast in Fundamental analysis Contest

vitorgah predicted bullish impact of Markit Manufacturing PMI in the Fundamental analysis Contest

callisto822 liked a forecast in Fundamental analysis Contest

HannaCarr predicted bearish impact of Markit Manufacturing PMI in the Fundamental analysis Contest

callisto822 liked a forecast in Fundamental analysis Contest

tarak807 predicted bearish impact of Markit Manufacturing PMI in the Fundamental analysis Contest

In the forex market Euro and GBP is going reverse way ahead of BREXIT. Its a strategy to price up the stocks of UK to down the price of currency to negotiate with EU at a high price of the stocks and shares. GBP could go down more.