Markit Economics — News Archive

Pound Rises as Services Expands Faster than Expected

The Great Britain pound advanced today as UK service industries expanded last month with fastest pace in more than a year, exceeding analysts’ expectations and adding to signs of economic recovery in the United Kingdom.

GBP/JPY Rises After Surprising Expansion of Construction PMI

The Great Britain pound rose against the Japanese yen today as construction made a pleasant surprise, unexpectedly expanding last month, adding to signs of recovery. The currency was little changed against the US dollar and the euro.

Pound Advances as Manufacturing PMI Unexpectedly Expands

The Great Britain pound advanced today as UK manufacturing unexpectedly expanded last month, improving outlook for the nation’s economy and increasing attractiveness of the British currency.

UK Services PMI Adds to Strength of Pound

The Great Britain pound rose today as data showed that the service sector expanded last month faster than was expected, adding to signs of economic recovery in the United Kingdom.

Sterling Rallies as Drop of Manufacturing Smaller Than Predicted

The Great Britain pound rallied today even as data showed that manufacturing shrank last month. The good part of the report was that the sector’s decline was smaller than anticipated by analysts.

Pound Suffers from Manufacturing Contraction

The Great Britain pound slumped today after the report showed that the manufacturing sector remained in contraction, albeit shrinking with slower pace.

Yuan Falls as PMI Misses Projections

The Chinese yuan fell today even as the nation’s manufacturing expanded with faster pace last month. The data still missed projections and perhaps it is a reason for the currency’s weakness.

GBP/USD Touches Lowest Since July 2010

The Great Britain pound dropped today after a report showed that the manufacturing sector unexpectedly contracted last month. The currency reached the lowest level since July 2010 against the US dollar.

GBP/USD at Lowest Since August, GBP/JPY Near Record Since 2010

The Great Britain pound fell to the lowest level since August against the US dollar even as domestic fundamentals were supportive for the currency. The sterling traded near the strongest rate since January 2010 versus the Japanese yen.

Sterling Strong Even as UK Construction Declines

The Great Britain pound remained strong today even after a report showed that Britain’s construction stayed in decline last month. The sterling advanced against the US dollar as likely the Friday’s huge drop was overdone, while rally of pound against the yen can be explained by the weakness of the Japanese currency.

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