Today, besides all of the reports and information for euro that we have already talked about, we have also got reports for GBP. And that is interesting for us for several reasons. For starters, pound and its traders seemed to not have reacted to the fact that Queen Elizabeth II signed Brexit bill, effectively turning it into a law. There was absolutely no shaking of GBP tied to this fact. But, Flash Manufacturing PMI and Flash Services PMI reports to have done what the signing couldn’t – they knocked GBP down from a little uptrend it was having.

Both of the reports are interesting because both of them are leading indicators of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. And, as we know, economic health of Great Britain is severely under question right now. You know, with Brexit being just a week away from today and all. It is natural, that we are going to be concerned with the economic side of the deal.

But, it seems that reports showed very encouraging start to 2020. Post general election Great Britain displayed numbers higher than expected. If that is the case, then the recent reaction of traders is less than understandable. Although it is entirely possible that pound is just getting lower in order to shoot higher later in the day or in the beginning of next week.

In any case GBP is going to be moving unexpectedly. And we better be safe with trading signals.