Articles Archive for February 2020
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The mood towards the pound improved after the UK’s manufacturing PMI delivered an unexpectedly positive reading for February. The European Central Bank’s (ECB) January meeting minutes offered encouragement to the euro, meanwhile, as their tone proved more optimistic than anticipated. A surprise contraction in the US services PMI saw the US dollar stumble ahead of [...]
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Signs of resilience from the UK services PMI failed to shore up the pound last week, with markets still concerned by the lack of clarity surrounding the UK’s future relationship with the EU. Sharp deteriorations in German and French industrial production put pressure on the euro, meanwhile, as confidence in the outlook of the Eurozone [...]