by Julian Benson | Aug 23, 2024
Yesterday, flash PMI readings for the German manufacturing sector fell to 42.1 in August from 43.7 in July. This reading continued the declining trend and missed market expectations of 43.5. Despite the contraction, purchase prices nearly stabilised after 18 months of...
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by Julian Benson | Aug 23, 2024
Those with upcoming US-dollar transactions rejoiced yesterday as the pound-to-us-dollar rate soared to a 400-day high following better-than-expected UK business activity data and seesawing sentiment surrounding the upcoming Federal Reserve interest rate decision....
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by Julian Benson | Aug 23, 2024
The pound continued its winning streak against the US dollar yesterday, reaching a 400-day high following better-than-expected UK private sector activity, taking its weekly gains to 1.85%. Should you have any upcoming transactions in the US, speak to your account...
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by Julian Benson | Aug 22, 2024
The US created 818,000 fewer jobs than first calculated, according to official figures on Wednesday. The revision was in line with economists’ expectations but suggests hiring has not been as robust as official figures have suggested. They indicate employers have been...
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by Julian Benson | Aug 22, 2024
Following Tuesday’s Harmonized Index of Consumer Prices data from the European Monetary Union, which showed no monthly change for July, investors said the likelihood of a rate cut from the European Central Bank strengthened. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1...
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