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GBP The final UK PMI services-sector index was revised down to 58.8 from the flash reading of 60.1 which increased concerns that the UK recovery could slow over the next few months. With reservations over its fundamental outlook, Sterling was unable to make any headway and continues to be underpinned…
GBP EU Chief Brexit negotiator Barnier reiterated his concerns over a lack of progress in trade talks with particular concerns over the recent round in London. He called for the UK to make a move to break the deadlock in order to meet the October deadline. He stated that the…
GBP Underlying Sterling sentiment remained fragile following last Friday’s downbeat press conference from EU Chief Negotiator Barnier. There was fresh speculation that there would be no trade deal in place before the end of 2021 which would cause major dislocation to UK trade patterns and undermine the economy. The UK…
GBP For the first time since 2010, The Halifax reported a decline in house prices of 0.1% for June with prices declining for four consecutive points, although there was still an annual increase of 2.5%. The EU Commission forecast that the UK economy would contract 9.75% for 2020 compared with…
GBP Sterling is currently bouncing in and around the 1.2925 figure against its US counterpart. It appears that the bears remain hungry as we begin the Christmas holidays with the Pound, the weakest on the charts. UK Prime Minister Boris Johnson, has been using the threat of a no-deal Brexit…
GBP The Pound edged higher against the Dollar in early Europe on Monday, although gains were capped below 1.2550. Political uncertainty continues to ruffle Sterling with markets still fretting over the risks of a ‘no-deal’ Brexit. Reported comments from EU Commission President nominee Von der Layen that a further extension…
GBP With the US holidays limiting market moves, the GBP seems to be trading in between 1.2590 and 1.2550 overnight and in the early trading hours this morning, On the political front, both Boris Johnson and Jeremy Hunt, continue to appear on various hustings and claim to be superior over…
GBP The Pound slumped against both the Euro and Dollar, early in yesterday’s session after the release of disappointing manufacturing PMI data. With markets forecasting a figure of 49.5, the actual figure came in at 48. Making it the lowest reading in over six years. Today we’ve started off around…
GBP Sterling traded largely unchanged against the Euro on Friday, as markets remained on the sidelines ahead of the crunch trade talks between President Trump and President Xi. Manufacturing PMI data is due for release today and is expected to show the pace of contraction in the activity accelerated further…