by Roseanne Bradley | Jan 25, 2023
Yesterday the pound lost its gains of late last week against the euro as PMI figures signal the start of a recession for the UK economy. The UK services PMI came in at 48 for January, much lower than economist expectations of 49.7. This reading indicates the fastest...
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by Roseanne Bradley | Jan 25, 2023
This morning economists heard the UK Producer Prices Index Input increased 16.5% year-over-year in December from 18% in November. On a monthly basis, input prices fell 1.1 in December. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Roseanne Bradley | Jan 25, 2023
Following UK PMI data yesterday, the single currency gained over 0.5% against the pound but remains steady against the US dollar following a month of slow but steady...
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by Roseanne Bradley | Jan 25, 2023
The S&P Global US Composite PMI improved to 46.6 this month from 45.0 in December 2022. This indicated the seventh month of contraction in US private sector activity. However, business confidence strengthened to a four-month high as hopes of a resurgence in...
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by Sharyh Murray-Francis | Jan 24, 2023
Dollar-watchers have their work cut out for them this week as there are several releases which could move the dollar’s position against its rivals. Today, the ones to watch come from the S&P who will be releasing three PMI data reports today. At 2:45pm UK time...
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