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Business articles

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.

Rising UK retail sales could spur pound gains

Fresh worries over the risk of the Brexit transition period ending without a trade agreement between the UK and EU dragged on the pound yesterday.

Pound rallies on unexpected UK manufacturing ...

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

Pound resumes slide in spite of retail sales ...

January’s sharp monthly rebound in UK retail sales was not enough to keep the pound from coming under fresh pressure yesterday.

Pound falters despite UK household optimism ...

An unexpectedly sharp bounce in the latest IHS Markit household finance index was not enough to prevent the pound from shedding ground yesterday.

Euro flounders at four-month low

The euro was knocked back on Wednesday, retreating close to a four-month low against the US dollar as the Eurozone’s latest manufacturing data made fo

Stagnating UK growth fails to drive down pound

News that the UK economy stagnated in the fourth quarter was not enough to drive the pound lower against many of its rivals yesterday.