The headline seasonally adjusted Business Activity Index posted 55.1 in November, up slightly from 54.6 in October and thereby signalling an acceleration in the rate of expansion during the month. The latest increase was the thirty-seventh in as many months and the sharpest since August.
Euro is currently being traded few points above 1.2650 handle. Pair is likely to find support around 1.2550 area and resistance above 1.27 level.
Last modified on Monday, 05 December 2016