No-deal Brexit speculation leaves GBP drifting lower
Weaker UK mortgage approvals data limited the appeal of the pound yesterday, with the result indicating an increased level of caution within the domes
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Weaker UK mortgage approvals data limited the appeal of the pound yesterday, with the result indicating an increased level of caution within the domes
Worries over the economic impact of Brexit-based uncertainty could gain a boost this morning if the UK manufacturing PMI eases on the month.
After UK car production data saw a -44.5% contraction on the year in April the pound came under further pressure, remaining on a weaker footing agains
Demand for the euro may diminish once again this morning if May’s Eurozone manufacturing and services PMIs point towards a continued loss of economic
Given recent evidence of weakness within the German manufacturing sector investors have seen limited incentive to favour the euro over its rivals.
The mood towards the euro could improve this morning if April’s Eurozone business confidence shows a fresh uptick on the month.
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