The price action in the London session was rather lackluster as markets consolidate ahead of the blockbuster US nonfarm payroll report out in early NY. European marts are mixed and overall unchanged on average while US futures continue to trade on either side of flat. Economic data across the pond was a touch better than forecast. UK services PMI followed its manufacturing counterpart and printed an above expected 45.5 in March – the best result in five months. The eurozone PMI composite was revised higher for March to 38.3 from a preliminary 37.6 as well. Full text »
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