BOE is almost certain to keep the Bank rate unchanged at 0.5% in the May meeting, compared with expectations months ago that it would announce a hike of +25 bps. Weakness in PMI data released […]
GBP/USD extends its sharp falls, dipping under the 1.35 level at one point as data continued disappointing. Sterling now faces the Bank of England’s decision among other events. Here are the key events and an […]
The Japanese Yen didn’t get much movement out of a reassuringly strong set of local PMI data. The Dollar remains in the ascendant as the Fed’ policy decision looms
April survey data signalled a steep improvement in operating conditions across the U.S. manufacturing sector. The latest PMI reading was the highest since September 2014, supported by stronger expansions in output and new orders. Moreover, […]
The British Pound may face renewed selling pressure as soft UK manufacturing PMI data continues to undermine near-term BOE rate hike prospects.
Japanese manufacturing activity expanded at a faster pace in April than the previous month, a revised survey showed on Tuesday, as new orders accelerated in a sign the economy is recovering from an expected rough […]
The Australian Dollar got a modest lift from a broadly stronger set of PMI data out of China, but the currency has more pressing matters to consider at present
EURUSD grinded lower in the wake of the PMI survey, where the manufacturing PMI fell to the lowest level in 14-months, while IHS highlighted dampening effects of a stronger Euro.
Eurozone business activity continued to rise at a solid pace in April, though the rate of expansion remained considerably weaker than seen earlier in the year amid signs of weaker growth of demand and supply […]
The Euro may decline as PMI survey data hints economic activity slowed for a third month straight, fueling a recent dovish shift in ECB monetary policy expectations.