Forex traders will eagerly await a fresh round of PMI data out of the Eurozone which is expected to move the Euro. Final readings on Services and Composite PMI data for September will be released and while economists predict no change from the previous reading, it may follow final Manufacturing PMI data into revisions. The EURGBP was able to advance after reaching support, will this trend continue or will economic data force a reversal? Subscribe to the PaxForex Daily Fundamental Analysis and take the profitable side of this currency pair.

The Brexit deadline is approaching and PM Johnson is now facing a test in parliament in regards to his deal, he told the EU that it will be either his deal or a no deal Brexit. Forex traders will also get the Services and Composite PMI data for September which is expected to show a slowdown, will it surprise to the upside? How will this impact the EURGBP? Today’s fundamental analysis will take a look at price action in both directions.