The Euro area’s latest retail trade data showed that trade increased by 0.3% following a downwardly revised 1.7% drop in December.
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Monday’s PMI reading pointed to the fastest pace of growth in the construction sector in almost a year, since last May. The results also showed that construction increased the most in nine months.
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On Monday, the S&P released its figures for construction PMI in the UK, which exceeded market expectations. The index for UK Construction PMI rose to 54.6, from 48.4 in January, and above forecasts of 49.1.
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While the US dollar has relinquished weekly gains against the pound and euro, investors will be looking to key data releases to see if they will have any impact.
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The single currency begins the week with confidence, extending gains made last week against a handful of big rivals. This includes sterling, the canadian dollar and the japanese yen.
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Though investors welcomed the UK and EU's agreement on post-Brexit trade last week, the pound begins the week with some mixed results against its rivals.
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The weight of last week still lingers on Sterling's shoulders. While the pound is weaker against the euro, it still maintains its monthly gains against the single currency.
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The pound has passed the first few days of March almost 1.5% stronger than this time last month against the euro and about level with the US dollar. In terms of where it goes next, you will find…
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