Sterling jumps to 8 day high
Sterling jumps to 8 day high Sterling jumped to an eight-day high after the head of a group of euro sceptic lawmakers in Prime Minister Boris Johnson’s Conservative Party said the government’s latest Brexit proposals offered the possibility of a “tolerable deal”. A weaker dollar on a weaker-than-expected US non-manufacturing purchasing managers’ index inflated the […]
Sterling unfazed by weak economic data, as Britain waits for EU Brexit response
Sterling unfazed by weak economic data, as Britain waits for EU Brexit response Sterling was little moved today despite a surprise contraction in the services sector as investors waited to receive a formal European Union response to Britain’s latest Brexit offer. The pound has found little direction in recent days, and is back where it […]
Services sector sees slowest growth since May 2013 – PMI
Services sector sees slowest growth since May 2013 – PMI The services sector grew at its slowest rate since May 2013 last month, a survey showed today, amid a softening of both foreign and domestic demand conditions. The AIB IHS Markit Purchasing Managers’ Index (PMI) for services slipped to 53.1 in September from 54.6 in […]
Euro zone inflation slows in September on cheaper energy
Euro zone inflation slows in September on cheaper energy Euro zone inflation slowed further year-on-year in September because of cheaper energy, new figures showed today. But the core measure excluding such volatile components rose, the first estimate from the European Union’s statistics office Eurostat showed. The numbers underline the difference of opinion over the state […]
Jobless rate steady at 5.3% in September despite Brexit concerns
Jobless rate steady at 5.3% in September despite Brexit concerns New figures from the Central Statistics Office show that the unemployment rate remained at 5.3% in September compared to August. The jobless rate has crept higher in recent months due to Brexit concerns, but it is still very low compared to the financial crisis when […]