The single currency gained strongly against the US dollar and yuan yesterday, gaining close to half a percent. It has weakened against sterling over the week, so far.
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The pound has strengthened overall in the past 24 hours, particularly against the US dollar (0.50%) but marginally against the euro too.
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The pound staged a recovery yesterday, gaining close to half a percent against the US dollar and Chinese yuan, and finishing the day slightly up on the euro. There have been mixed signals on the economy this week…
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The ISM services PMI eased to 53.6 in September from 54.5 in August, a six-month high, and this was in line with market expectations.
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Producer prices in the euro area fell by 11.5% in August, following a 7.6% decrease in July, but only slightly off the forecasted 11.6% drop. This decline in producer prices was the sharpest on record and was driven…
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S&P Global’s composite purchasing managers’ indices yesterday revealed that UK private sector business activity declined in September to 48.5 from 48.6 in August. This signalled the fastest reduction in private-sector output since January.
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It was all swings and roundabouts for US investors yesterday as they struggled to keep up with a string of mixed economic data. The US dollar ended Wednesday’s session 0.6% down on the pound and 0.5% down on…
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Wall Street stocks shed gains yesterday as the better-than-expected US jobs report docked dollar investors’ appetites over worries that the Federal Reserve will keep interest rates higher for longer. The Dow Jones sank 430 points and the Nasdaq…
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