by Julian Benson | Jul 26, 2023
The pound gained 0.6% against the euro and US dollar yesterday despite a lack of confidence in UK economic growth from the International Monetary Fund (IMF). The financial agency, the IMF, revealed that the UK is set to be the second-worst performing economy in the...
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by Christopher Nye | Jul 25, 2023
The dollar benefited from UK and European business woes yesterday, gaining 0.30% and 0.60% respectively. Its own PMI was mixed, with manufacturing leaping to 49 against an expectation of 46 but services slipping to 52.4. Today we will hear about home prices, but the...
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by Charles Purdy | Jul 25, 2023
A torrid day for the single currency saw it lose well over half a percent against most major currencies. The reason was collapsing optimism among business leaders in the Purchasing Managers’ Index (PMI), which fell at the fastest rate since the pandemic in some...
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by Charles Purdy | Jul 25, 2023
Sterling ended the day around 30% stronger against the euro, but it was not a good day for either as their economies were both shown to be suffering from the recent interest rate rises according to PMI data. Against other major currencies the pound lost 0.30% to 0.60%...
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by Charles Purdy | Jul 25, 2023
The week started with a burst of activity in the markets yesterday morning as PMI data arrived from different parts of the world, sending sterling in different directions. First, German and French PMI was deeply disappointing, especially in manufacturing, which...
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