On Monday, Feb 01 at 04:28 am New York Time we will have UK Manufacturing PMI coming out. It is expected to read 54.0. Last month it read 54.1.
This might be released at 04:28 or at 04:30 - we will see...
I recommend trading GBP/USD for this report.
Please read what this indicator means and how it affects the GBP/USD by going to this link: UK Manufacturing PMI
The trigger for this indicator is 1.5. This means that if UK Manufacturing PMI comes out at 55.5 or higher, GBP/USD will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 52.5 or lower, GBP/USD will probably go down by 30 pips or more in the first 45 minutes of the report.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
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