The macroeconomic calendar for today’s session is not filled with important events, and the lack of Americans due to Independence Day makes us focus on the service PMI reading for Great Britain. The result will be known at 10:30. In previous days, we had readings for industry and the construction sector. Both positively surprised. It seems that a similar positive surprise may also appear today. This could lead to the strengthening of the pound. An interesting technical situation is on the EUR / GBP cross. The daily chart shows a reflection from the perfectly respected edge of the descending channel and from the resistance zone. Theoretically, the supply side has an open way to the lower regions. A good PMI reading can help.

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