by Julian Benson | Sep 6, 2023
Service sector PMIs for the eurozone dropped below 50, signalling a recession. Said weak activity may have been driven by the European Central Bank’s money-tightening policy.
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by Julian Benson | Sep 6, 2023
UK retail sales were unexpectedly high at 4.3% against a forecast of 2.0% and above the three-month average of 3.6%. However, with soaring inflation still impacting prices, experts warn that price hikes may be masking a drop in...
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by Julian Benson | Sep 6, 2023
The pound lost 0.4% against the dollar yesterday as UK business activity fell in August for the first time since January. Sterling rebounded from its lowest level since mid-June as the British composite Purchasing Managers’ Index (PMI) figures came in at 48.6, higher...
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by Charles Purdy | Sep 5, 2023
The dollar lost out to the pound and euro yesterday. With the US markets closed for Labor Day, traders outside the US had ample opportunity to consider the implications of Friday’s surprising rise in unemployment to 3.8% and third month in a row with non-farm payrolls...
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by Charles Purdy | Sep 5, 2023
It was a positive day for the single currency yesterday, strengthening against almost all major rivals apart from sterling. Four members of the ECB’s rate-setting panel were speaking yesterday, but without saying anything that particularly spooked or perked up the...
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