GBP: Pound in reactive mode

The pound had a mixed day, but did at least show some signs of recovery after a torrid week that has seen losses of between 1 and 2% against the next few most traded currencies. However, with little on the docket apart from a marginally less bad result for CBI...


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Interest rate hopes boost dollar

Sterling made a bit of a recovery yesterday against the euro, by close to a quarter of a percent, though it lost a similar amount to the US dollar, reaching yet another six-month low. Indeed, it was the dollar’s day, powered upwards by hopes of an interest rate hike...


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USD: Business activity flatlines

The latest purchasing managers’ index flash survey from S&P Global showed a slight drop-in US business activity in September.  The overall output index fell to 50.1 last month from 50.2 in August.


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GBP: Economic data to watch for

This week, the United Kingdom will publish the final estimate of second-quarter GDP growth, alongside current account, CBI distributive trades, the Bank of England’s monetary indicators and Nationwide house price...


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