by Charles Purdy | Jul 4, 2023
Sterling moved up against the US dollar and yen yesterday while slipping marginally against the euro. There isn’t a great deal of data to excite the markets today, but tomorrow sees final results for services PMI, which thus far have remained resilient, at 55.2 last...
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by Charles Purdy | Jul 4, 2023
Sterling bobbed and weaved and ultimately ended up where it started yesterday in what looks like being a quiet week for data. It’s a purchasing managers’ index (PMI) heavy week, with readings across Europe and the US, and yesterday’s manufacturing PMI was...
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by Charles Purdy | Jul 3, 2023
It’s been a mixed period for the US dollar, as the markets weigh up whether the Fed’s pausing of interest rate increases last month was temporary or an end. The markets will be quiet today and tomorrow, but there is plenty of data flying around this week, including...
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by Charles Purdy | Jul 3, 2023
The single currency has taken a bit of a dive this morning, weakening by up to 0.5% against most major rivals. We’ve seen fairly disappointing manufacturing PMI data this morning, especially in Germany where a reading of 40.6 is the lowest reading since Covid-19 hit....
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by Charles Purdy | Jul 3, 2023
It has been a distinctly choppy period for the pound, with sharp rises and falls. However, GBP/EUR remains close to the 10-month high it reached in June and GBP/USD to the 15-month high. Manufacturing PMI ahs just been revised downwards to 46.5, and will be followed...
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