Sterling lost fractionally to the euro yesterday but has largely held onto its gains from positive PMI and government debt data on Tuesday. It is currently well up on most of its nearest 10 rivals compared to last…
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Sterling’s position drifted yesterday against some currencies as the excitement of Tuesday’s excellent services PMI reading dissipated. However, GBP/EUR has stayed strong and there was more positivity for British business with the CBI Distributive Trades Survey surging 25…
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The preliminary quarter-on quarter GDP figures for the US will be released at 1:30pm UK time today. Investors will be watching closely as the data will provide the broadest measure of economic activity in the US.
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Markets saw the latest business climate reading from Germany’s Ifo institute yesterday. The monthly release from the institute gives investors clues into the level of a composite index based on sector specific surveys.
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Sterling maintains this week's euro gains following better-than-expected PMI data on Monday and investors will be keen to see if this morning’s speech from MPC member Catherine Mann will move the pound.
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Today is an interesting day for market-watchers as G20 members will meet to discuss several challenges to global economic growth. This will also include members from G7 nations.
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The currency markets responded positively to two surprise data releases in the UK economy yesterday. The first was a ‘flash’ reading of Services PMI, which boosted sterling by almost 1% in the space of two hours. More impressively,…
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The global US composite PMI, which represents the country’s private sector output, stabilised to 50.2 in February, beating market expectations of 47.5.
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