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.
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.
The US dollar opened this week on strong-footing, being propelled higher by growing concern over the coronavirus outbreak.
As markets had braced for the UK manufacturing PMI to slip back into contraction territory a surprise uptick from the index gave the pound a boost las
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
The pound rallied on Friday, recouping some of its losses from earlier in the week as markets cheered the release of the UK’s latest PMI figures.
The pound maintained its upward momentum on Tuesday as GBP investors welcomed the news that the UK government will not be making any more delays to it
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