After the Eurozone Manufacturing PMI showed that the recession in the sector has expanded, forex traders will get the services and composite PMI reports out of Italy, France, and Germany as well as for the Eurozone as a whole. The EURGBP is grinding at support, but how will price action react following the release of PMI data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

UK services and composite PMI data will be released today, but forex traders are likely to focus on developments regarding the UK election which is approaching. Brexit uncertainty has taken a back-seat as polls suggest PM Johnson will win the election. How will this currency pair react after the Services PMI and the Composite PMI will be announced? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair.