EUR/GBP still hovers around the 0.8300 sign with an empty national macro calendar for the coming week, reports the FX Danske Bank analyst, Jens Nærvig Pedersen.
The economy in Great Britain remains detained
“Preliminary PMI in Great Britain in February appeared to the weakness with a composite at 50.5 (disadvantages: 50.6, earlier: 50.6), services at 51.1 (disadvantages: 50.8, earlier: 50 , 8) and production at 46.4 (disadvantages: 48.5, earlier: 48.3).
“Price pressure remains increased due to high wage growth and the upcoming raise in the social insurance contribution of employers (nothing). After stagnation in the second half of 2024, the economy in Great Britain remains detained in accordance with the PMI edition. ”
“While the raise in the minimum wage in April will be a support in conjunction with an easier monetary policy, the raise in nothing employers remains a risk for the labor market, and thus, growth. This week, have an eye on a lot of bo for wire speakers. “
