by Charles Purdy | Feb 22, 2023
The currency markets responded positively to two surprise data releases in the UK economy yesterday. The first was a ‘flash’ reading of Services PMI, which boosted sterling by almost 1% in the space of two hours. More impressively, sterling held onto those gains...
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by Julian Benson | Feb 22, 2023
The global US composite PMI, which represents the country’s private sector output, stabilised to 50.2 in February, beating market expectations of 47.5 and up from 46.8 last month. This reading is the highest seen for eight...
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by Julian Benson | Feb 22, 2023
In Germany, economic sentiment unexpectedly rose yesterday to 28.1 from 21.5 in January. This reading represents a boost in investor morale, which reached 12-month highs and marked the fifth consecutive month of increases. This morning the German inflation rate...
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by Julian Benson | Feb 22, 2023
The UK services PMI, which rose to 53.3 yesterday from 48.7 in January, cited rising customer demand as improving business optimism and outlook. A reading above 50 signifies growth and below signifies contraction. This positive data raised hopes that the UK might...
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by Julian Benson | Feb 22, 2023
Yesterday morning the pound was boosted following a positive reading from UK Services PMI which signalled an increase in business optimism. The Services PMI rose to 53.3 in February, above expectations of 51 and up from 48.7 in January. The pound gained 0.88% against...
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