Market Focus - Ester Holdings

Market Focus

On Thursday, 05/04/2018, attention should be paid to the 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 services sector is the leading sector of the UK economy and accounts for 3/4 of GDP.

According to the forecast, the business activity index in the services sector in March will fall to the level of 53.7, against 54.5 in February. If the data is released within the forecast, the pound will be under pressure. 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

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