GBP Sterling ends the week on the back foot having reversed its recent gains. GBP/EUR fell 0.2% on the week. But GBP/USD has at least held somewhat steady. However, this morning data showed GBP retails sales Year on Year (YoY) and Month on Month (MoM) both beat expectations comfortably, coming in at 7.2% and 5.4% respectively. These readings were […]
GBP Sterling extended its losses against both the euro and dollar on Thursday. This is despite a stronger than expected Construction Purchasing Managers Index (PMI). The Construction PMI is a diffusion index incorporating survey results provided by UK construction firms. The Construction PMI rose to 61.7 from 53.3, a six-year high. However, the news mostly failed to move sterling. Likely […]
GBP Sterling fell on Friday against both the US dollar and euro after the UK Purchasing Managers’ Index (PMI) fell to a four-month low. The PMI fell to a low of 52.9 in October from 56.5 in September. The UK’s economic recovery has stalled since August. The threat of a second wave of coronavirus cases, […]
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Monthly Currency Market View April 2020
Concerned about currency volatility and its impact on your international payments? Our currency market view explores the key trends and global events that have shaped the currency market in the last month.
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- Economic data
- Key events to watch out for in the coming month
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