GBP/NZD shifts up to 1.9346 (a 0% gain) after closing the previous session at zero .
Trading week at a glance - GBP/NZD is up to 1.9346, after closing yesterday at zero. Overall, a 0% move or 19,346 pips this week. (Trade GBP/NZD with FXTM now).
At the same time, United Kingdom Manufacturing PMI came out at 48.5, while a consensus of analysts was expecting 47.5. United Kingdom Services PMI released Friday with a figure of 49.2, while the previous figure was 50.9. United Kingdom Composite PMI released Friday with a figure of 48.4, while the previous figure was 49.6. New Zealand ANZ Business Confidence (Sep) released today at 00:00 UTC with a figure of -36.7, while the previous figure was -47.8. United Kingdom CFTC GBP speculative net positions released Friday with a figure of -54,800, while the previous figure was -68,100.
Outlook for rest of the week: Positive indicators for GBP/NZD are expected going forward as as things stand, upcoming United Kingdom GDP data is projected to fall short of market expectations with newly published data of -0.1, following on from the preceding figure of 0.8. New data is set to be published tomorrow at 06:00 UTC. Projections for United Kingdom GDP are set for a continuation of decline with 2.9% while previous data was 8.7%; data will be released tomorrow at 06:00 UTC.
The market is looking forward to the release of new data: United Kingdom Services PMI is expected Wednesday.