Data on the supply management's index for the activity of the service sector did not put pressure on the euro in the first half of the day.

According to the report of the statistical agency, the index of supply managers for the services sector of the eurozone in July this year was at 55.4 points, completely in line with the forecasts of economists.

In particular, for the month of July, Italy's service sector activity grew at its fastest pace in the last 10 years.

According to IHS Markit, the purchasing managers' index rose to 56.3 points from 53.6 points in June. For example, PMI for the service sector in Germany fell to 53.1 points, while in France it rose to 56 points.

In the second half of the day, data was released on the number of Americans applying for unemployment benefits. According to the report from the US Department of Labor, the number of initial claims for state unemployment benefits for the week ended July 29 has decreased by 5,000 and amounted to 240,000. Economists predicted that the number of applications will be 241,000.

The market ignored the data from the supply management institute. In which it is stated that the PMI index for the non-manufacturing sector of the U.S. fell to 53.9 points in July this year against 57.4 points in June. Economists expected that this figure would drop to just 56.9 points. This suggests that in the US there is a drop in the growth rate of activity, but although the index is above the level of 50 points, there is nothing to worry about.

As for the technical picture, it remained completely in line with the morning forecast.

While the pair is below the level of 1.1890, there is a risk that the euro could further fall in the range of the nearest support areas of 1.1730 and 1.1625. Only a second recovery with a break below 1.1890 will "beat off" all the willingness of sellers to form a further downward correction in the trading instrument and lead to a new growth of the euro.

The British pound collapsed against the US dollar after the Bank of England left the key interest rate at 0.25%.

The Bank of England sees the need to raise rates provided that the current economic situation develops in accordance with the forecast. The regulator has lowered its GDP growth forecast in 2017 to 1.7% against the forecast of 1.9% in May. According to the Central Bank, rate hikes are likely to be more significant than financial markets expect.

Head of the Bank of England Mark Carney added more pressure to the pound. According to Carney, any rate hikes would be gradual and limited due to the uncertainty associated with Brexit, which worsens the situation for investments.

Carney also noted that when leaving the EU, the UK will conclude the most favorable agreement on the transition period.