Market Focus

On Monday, 05.03.2018, attention should be focused on data on the index of business activity in the services sector of Great Britain. The index of business activity in the services sector measures the level of activity of purchasing managers in the services sector and indicates well-being in this sector of the country’s economy. The service sector is the leading sector of the UK economy and accounts for 3/4 of GDP.

According to the forecast, the index of business activity in the services sector in February will rise to the level of 53.5, against 53.0 in January. If the data is released within the forecast, the pound will receive some support. If the change in the indicator is within 5% or more, one should expect the pair GBP/USD to move within 50 points.

Alexander Sivtsov