Latest data released by Markit - 23 May 2019

  • Prior 50.0
  • Services PMI 51.7 vs 50.8 expected
  • Prior 50.5
  • Composite PMI 51.3 vs 50.3 expected
  • Prior 50.1

A decent beat for the French prints here and that will provide some relief that we could be seeing an improvement in the euro area economy in Q2. EUR/USD got a slight bounce from 1.1137 to 1.1147 but has now slipped a little again.

Let's see if Germany and Eurozone prints can back this up, as they are the more crucial ones to watch out for - particularly Germany.