The British pound closed the day at the opening level due to negative information from Europe: China refused to buy bonds of troubled countries and Spanish Prime Minister Mariano Rajoy said the country would not ask for a bailout at the weekend.
Non-manufacturing PMI in China dropped from 56.3 in August to 53.7.
At 12:30 (GMT +3) we are waiting for services PMI from Great Britain for September. The index is forecasted to reach 53.1 against 53.7 in August.
Sideways movement is expected. Technically, after support at 1.6121 is breached, the decrease to 1.6095 is possible. The upper limit of the channel is at 1.6175.
