The dollar strengthened against a basket of currencies throughout yesterday, as trade tensions continue to rock the markets. The dollar is seen as a safe haven by investors – so they piled into it and sold emerging market…
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There were no major economic data releases from the eurozone yesterday, which is perhaps why the euro lost some ground against both sterling and the dollar. Having said that, the dollar was always going to benefit from ongoing…
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Following disappointing manufacturing figures released on Monday, yesterday we saw the construction sector follow suit. In August, UK construction PMI fell to 52.9 from the previous month’s 14-month high. This was some way below the 55.0 the markets…
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Bank of England governor Mark Carney has been described as an unreliable boyfriend in the past, primarily because of his lack of clarity over possible interest rate rise timings. However, it’s worth saying that he has also been…
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Financial markets in the US were rather quiet yesterday as traders celebrated Labor Day. However, this didn’t stop anxiety over the US-China trade war growing once more. Chinese factories posted their weakest expansion in 14 months in August,…
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Like UK factories, eurozone factories slowed last month, mainly due to declines in Spain and Italy. From 55.1 in July, manufacturing PMI in the eurozone dipped to 54.6 which was in line with expectations. It is the weakest…
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UK manufacturing growth figures released yesterday were rather disappointing. Last month, the reading came in at a downwardly revised 53.8 and analysts had expected the figure to be the same in August. Alas, it wasn’t to be and…
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UK manufacturing growth hit its lowest mark for 25 months in August, with new export orders falling for the first time in more than two years. The reading had been expected to come in at 53.8, which was…
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