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UK: PMI Services expands again in January

UK PMI Services started expanding again in January, rising to 51.5 points from 48.9 points registered in December, according to data released today by Markit. Market consensus pointed to a slower contraction at 49.5 points.

Forex Flash: AUD anchored as overnight sees data bounce – Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the overnight session saw a jump in Chinese HSBC services PMI data, a decline in the Australian trade deficit and UK BRC Retail Sales.
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Forex Flash: Euro´s sharp ascent comes crashing to a halt – BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the Euro’s recent sharp ascent has come to an abrupt halt early this week with EUR/USD dropping sharply from an intra-day high of 1.3711 on Friday.
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