Manufacturing — News Archive

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Pound Trades Sideways on Failed Brexit Talks and Weak UK Retail Sales

The British pound today traded sideways against the US dollar following the failed Brexit talks during yesterday’s meetings between EU leaders and British PM Theresa May. The pound was further weighed down by the release of the latest UK retail sales data in the early European session, which missed expectations by a significant margin.

NZ Dollar Rallies Intraday, Trims Gains Later

The New Zealand dollar rose today, though the currency has trimmed its gains by now, losing them outright against some rivals.

Great Britain Pound Up After Brexit News

The Great Britain pound gained on its most-traded rivals today on the reports that the United Kingdom is willing to compromise to reach a trade deal with the European Union. The currency has trimmed its gains by now but was trading above the opening level against most peers, though retreated to the opening level versus the US dollar.

Aussie Little Changed Following Mixed Macroeconomic Data

The Australian dollar was mostly flat against its most-traded rivals today following macroeconomic releases. While domestic data was largely positive, reports released from China, Australia’s biggest trading partner, over the weekend were mixed.

Japanese Yen Stays Weak, Economic Data Fails to Aid

The Japanese yen remained mostly soft today as the market sentiment stayed generally positive. The set of robust macroeconomic releases in Japan failed to support the currency.

Pound Rallies on Strong UK GDP Data and Positive Brexit Headlines

The British pound today rallied higher against the US dollar following the release of the UK GDP monthly estimate for July, which came in above expectations. The GBP/USD currency pair’s rally was slowed down by the weak manufacturing output print, which indicated that manufacturing activity contracted in July.

US Dollar Rallies on Trade War Fears, ISM Manufacturing Data

The US dollar rallied against all of its major rivals today. Market analysts explained the rally by risk aversion caused by trade war fears, though many also mentioned the unexpectedly positive manufacturing report.

British Pound Drops on UK Construction PMI, Later Rallies on Carney

The British pound today dropped to new lows extending yesterday’s decline following the release of disappointing UK construction data earlier today. The GBP/USD currency pair later rallied higher following the testimony by the Bank of England Governor before the UK parliament where he promised to help smooth the Brexit process.

Pound Falls on Weak UK Manufacturing Activity Amid Brexit Fears

The British pound today fell to new lows against the US dollar based on the uncertainty surrounding the Brexit negotiations as both the EU and the UK stick to their opposing positions. The GBP/USD currency also headed lower following the release of the latest UK manufacturing data, which revealed zero expansion in the sector.

Chinese Yuan Gains After PMIs Rise Unexpectedly

The Chinese yuan rose against the dollar today despite the worsening market sentiment. The possible reason for that was the unexpected increase of the official Purchasing Managers’ Indices.

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