Currency Forecasts

Category: PMI

Pound falls as business activity slows at fastest rate in 7 years

The Pound has taken a bit of a tumble this morning, following the release of UK Manufacturing and Services PMI data. This was the first chance to see what effect Brexit would have on the real economy, as the figures…

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Pound falls to 4 week low vs Euro June 2011

3rd June 2011Good morning. Sterling continued to fall against the Euro yesterday, and now sits at a 4 week low. The pound was hurt by dovish comments from a UK policymaker which added weight to the view domestic interest rates…

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Weak UK PMI hits the Pound

2nd June 2011Good morning. Weak manufacturing data yesterday weakened the Pound against both the Euro and US Dollar, bolstering the view a struggling economy will keep UK interest rates at record lows until next year. At 08:30am this morning rates…

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GBP falling on House Data and PMI; EU Interest Rates

Good morning. The pound fell against most currencies yesterday after poor PMI data. This morning poor housing data has also pushed Sterling lower, as fears grow the UK economic recovery is running out of steam. At 08:30am this morning rates…

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