Germany Markit Services PMI down to 49.6 in Apr from 50.9 in Mar.

May 6, 2013

GBPUSD - Top of Channel

Sterling has shed 20 pips from the 1.5585 high at the top of this channel formed in March

Germany: PMI Services returns to contraction in April

German PMI Services decreased to 49.6 points in April, from 50.9 points in March, according to data released today by Markit. The result is still above market consensus of 49.2 points.