What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the services industry.
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.
Usual Effect: If the actual number is bigger than the forecast, you can expect the GBP to rise.
When? October 3rd at 04:30am Eastern Time.
Trading Tip: The announcement can greatly affect the GBP, make sure to make your trade before.
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