Shock manufacturing miss undermines US dollar
The pound found a rallying point yesterday as February’s CBI reported retail sales index picked up from 0 to 1.
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The pound found a rallying point yesterday as February’s CBI reported retail sales index picked up from 0 to 1.
February’s flash UK manufacturing PMI surprised investors by delivering a solid uptick from 50 to 51.9, avoiding the expected drop into contraction te
An unexpectedly sharp bounce in the latest IHS Markit household finance index was not enough to prevent the pound from shedding ground yesterday.
News that the UK economy stagnated in the fourth quarter was not enough to drive the pound lower against many of its rivals yesterday.
The pound firmed on Friday as the UK released some better-than-forecast manufacturing and services PMIs. The results led to the UK composite PMI advan
Support for the pound picked up at the start of the week after a surprise positive revision to the UK services PMI.