by Christopher Nye | Feb 2, 2023
Sterling weakened against a handful of currencies yesterday including the euro and australian dollar. GBP/AUD was pushed lower by the UK’s latest PMI data which revealed signs of poor performance in the UK’s manufacturing sector. In business news, British Steel is...
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by Christopher Nye | Feb 1, 2023
On Tuesday market watchers digested several economic data releases including the US employment cost index, employment cost wages and Chicago PMI. Today, all eyes will be on the latest manufacturing employment subindex from the Institute for Supply Management (ISM). In...
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by Christopher Nye | Feb 1, 2023
We’ve just seen the latest manufacturing PMI data for Spain. The previous rise to 46.4 showed a sixth successive month of deterioration in operating conditions, as well as the weakest rate for three months. This morning, Spain’s index rose to 48.4 pointing to a...
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by Christopher Nye | Feb 1, 2023
Following yesterday’s mortgage lending and approvals, markets have just seen the latest Nationwide housing prices year-on-year and month-on-month. The last YoY data revealed the house price index increased by 2.8% in December, less than 4.4% in November, marking the...
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by Christopher Nye | Feb 1, 2023
Sterling weakened against both the euro and US dollar yesterday following a bleak economic outlook from the International Monetary Fund (IMF) and warnings of recession. The gloomy outlook also reverberated throughout UK stock markets as London’s FTSE 100 stock also...
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