EUR/USD weakness to test 1.3762? - UBS

FXStreet (London) - UBS analysts comments that despite recent recovery, broader potential is for resumption of EUR/USD weakness to test support at 1.3762. They add that a break below would to open way to 1.3664.

May 6, 2014

GBP/USD is above 1.6950 when PMI is out

GBP/USD reached 1.6949 high before the data release, and moved to 1.6952 right after the PMI.

UK: PMI Services jumps to 58.7 in April

UK PMI Services increased to 58.7 in April, from 57.6 the previous month, according to data released by Markit on Tuesday. Analysts expected the indicator to remain unchanged.