"Data will be released later this morning that will show just how powerful the recovery has been as the economy begins to reopen.

Markit Economics will release Purchasing Managers Indexes for both services and manufacturing. Given the 80/20 spilt between services activity and manufacturing activity, the services PMI naturally carries significantly more weight than the manufacturing number.

It is expected that both will see significant rises. The data is a measure of expansion or contraction with a read below 50 signifying contraction and above 50 expansion.

Manufacturing output which accounts for 20% of economic output is expected to have risen marginally while services, which now dominate the economy, sees an increase from 56.3 to 59.5.

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Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.