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Sterling strong despite lack of economic data

Oil prices surged following the Organization of the Petroleum Exporting Countries (Opec+)’s announcement of cuts to its production yesterday. The news, which rippled throughout UK and European stock markets helped to boost equities in both regions. Stocks in London...


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USD: Nonfarms this Friday

The UK will see a lack of data on Friday due to the upcoming bank holiday however, there will be lots of economic releases from the US. Nonfarms data, a vital release for markets, will be one. The previous data showed that the US economy unexpectedly created 311,000...


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EUR: Investors prepare for plenty PMI

Over the course of Wednesday, eurozone markets will see the release of PMI data from several countries. Spain, Italy, France and Germany will all be released as well as Eurozone PMI. The Euro Area final services PMI is forecast to rise to 55.6 following a reading of...


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GBP: BoE chief economist to deliver speech

On Tuesday, the Bank of England’s chief economist, Huw Pill, will deliver a speech at the International Center for Monetary and Banking Studies, in Geneva. Economists will be listening closely to Pill’s speech which is titled, “Inflation, Persistence, and...


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Pound enters GDP week on mixed footing

Sterling enters the week down on the euro compared to last Monday but with fresh gains of around 0.68% against the US dollar within the same time span. The S&P is scheduled to release one of the UK’s leading indicators of UK’s economic health, with the...


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