by Charles Purdy | Oct 6, 2023
The pound staged a recovery yesterday, gaining close to half a percent against the US dollar and Chinese yuan, and finishing the day slightly up on the euro. There have been mixed signals on the economy this week from the Purchasing Manager’s Index (PMI) final...
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by Julian Benson | Oct 5, 2023
The ISM services PMI eased to 53.6 in September from 54.5 in August, a six-month high, and this was in line with market expectations.
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by Julian Benson | Oct 5, 2023
Producer prices in the euro area fell by 11.5% in August, following a 7.6% decrease in July, but only slightly off the forecasted 11.6% drop. This decline in producer prices was the sharpest on record and was driven by falling costs for energy and intermediate...
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by Julian Benson | Oct 5, 2023
S&P Global’s composite purchasing managers’ indices yesterday revealed that UK private sector business activity declined in September to 48.5 from 48.6 in August. This signalled the fastest reduction in private-sector output since...
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by Julian Benson | Oct 5, 2023
It was all swings and roundabouts for US investors yesterday as they struggled to keep up with a string of mixed economic data. The US dollar ended Wednesday’s session 0.6% down on the pound and 0.5% down on the euro. US factory orders increased by 1.2% from the...
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