The S&P global Italy construction PMI has just edged down to 47.40 in March from 48.90 in February. This points to a fourth consecutive month of contractions.
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The pound enters today stronger than the euro on a daily, weekly, monthly footing. Sterling I’d also in a similar position against the greenback, with weekly and monthly gains of around 1.08% and 3.57% respectively.
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It has been an interesting week on the data front across the board, and a choppy week for the pound against some of its rival currencies. Sterling enters the day with weekly gains of approximately 0.45% and 1.02%…
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Sterling has bounded into April with some enthusiasm, hitting its strongest since last June against the US dollar and over 13 months against the Australian dollar. The advance against the euro was rapidly pulled back but GBP/EUR is…
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Sterling gained 0.85% against the US dollar yesterday and is currently trading 1.5% higher than this time last week. It’s believed sterling’s gains are down to an ill-performing US dollar as traders are more optimistic about a brighter…
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Yesterday sterling hit a 10-month high against the US dollar. It’s believed to have been fuelled by weak US data and a data-led approach to policy changes from the Bank of England.
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The euro bounced back against the US dollar yesterday morning, hovering around its strongest level in two months. This comes after a 1.6% gain last month. The EUR/USD rate is currently trading close to 3% higher than it…
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At 1:30 pm today (UK time) market watchers will receive the latest trade deficit data for the US. The last recording came in at -$68.3 billion in January and economists expect the deficit to widen to $69bn.
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