Business optimism in the US remained high last month, with the ISM Services PMI unexpectedly leaping up to 53.9 in June. The dollar strengthened sharply yesterday in early trading and then gently deflated throughout the rest of the…
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A positive day overall for the single currency, ending the day slightly up on the US dollar but more significantly stronger against the Australian and Canadian dollars.
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A positive start to the day following Andrew Bailey’s comments didn’t continue into the afternoon. However, sterling starts this morning 0.75% up on this time last week and this time last month.
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Sterling strengthened yesterday, following comments about inflation and interest rates from Bank of England (BoE) governor Andrew Bailey in a BBC interview. That encouraged the markets to think that UK interest rates could rise as high as 7%…
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The pound gained close to 0.40% against the euro yesterday, possibly in reaction to eurozone producer prices which declined 1.5% year-on-year in May, following a downwardly revised 0.9% increase in April. This marks the first decline in producer…
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The US Logistics Manager’s Index fell for the fifth consecutive month, hitting fresh record lows of 45.6 in June. This suggests another contraction within the logistics sector and is believed to be driven by inventory levels, which continued…
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The S&P Global France services PMI dropped down to 48 in June 2023 from 52.5 in May, matching flash estimates.
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After seesawing throughout the day yesterday, the pound ended Wednesday just slightly shy of the rate seen as European markets opened. Tomorrow, investors will be keeping an eye out for any influence that may nudge the pound either…
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