GBP: UK PMI to fall in the new year

Britain’s next key data release won’t be until the 3rd of January, when market watchers can expect S&P’s PMI data. This is one release that will be watched closely as the Purchasing Managers’ Index measures the performance of the UK’s manufacturing sector. A...


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Decision-time, as pound declines

While the UK markets were closed for the weekend and Christmas, global trade (including in currencies), continued. The big story is the opening up of the Chinese economy from Covid restrictions, strengthening commodity-backed currencies like the Australian and...


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USD: dollar up on sterling after choppy week

A choppy week against both sterling and the euro has seen the dollar come out on top, with the US dollar maintaining its gains against sterling this morning. Against the euro however, the single currency is weaker compared to this time last week. Yesterday markets...


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EUR: continued tightening expected from ECB

Eurozone data picks up as the week heads to a close with several key releases scheduled for Spain between now and Friday. Meanwhile, ECB Governing Council member and Dutch Governor, Klaas Knot, has taken a hawkish approach against inflation, warning that markets can...


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GBP: Nationwide house prices expected to fall

All eyes will be on Nationwide’s latest housing prices as market watchers await Friday’s data release. In the previous data published by Nationwide Building Society, the figures revealed that the house price Index in the UK increased 4.4% YoY in November....


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