Spain Markit Services PMI came in at 56.2, below expectations (56.7) in February

FXStreet.com (Barcelona)

Mar 4, 2015

GBP/USD bought at 1.5340; now at 1.5360, watch out 1.5370 and 1.5400

After sliding from 1.5370 to find support at its lowest level since February 23 at 1.5340, the GBP/USD found a buying interest that sent it back to trade at 1.5360. The Cable lies just below MA-50 hours at 1.5370 and MA-200 hours at 1.5400.

Chinese authorities might depreciate the CNY – ING

Tim Condon of ING, expects the Chinese authorities to depreciate the CNY fixing rate rather than widen the USDCNY trading band, further forecasting another 2-3% spot depreciation this year.