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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by Julian Benson | Oct 4, 2023
Wall Street stocks shed gains yesterday as the better-than-expected US jobs report docked dollar investors’ appetites over worries that the Federal Reserve will keep interest rates higher for longer. The Dow Jones sank 430 points and the Nasdaq sank 1.9%. For more on...
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by Charles Purdy | Oct 4, 2023
Sterling continued to flounder yesterday, dropping further against the US dollar and yen but remaining fairly stable against the euro. This morning, with political troubles in the US and a potential Federal government shutdown having global ramifications, there is...
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by Julian Benson | Oct 4, 2023
Following an unexpectedly strong US jobs report, the euro fell to a fresh 2023 low on Tuesday against the US dollar. The single currency made a modest rebound by the end of the session but remains close to 3% down since the start of...
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