Markit/CIPS — News Archive

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British Pound Gains Against US Dollar on Positive UK and US Data

The British pound today gained ground against the US dollar amid a raft of positive UK macro releases such as the Markit/CIPS UK Services PMI. Positive releases from the US docket in the early American session could not derail the pound’s rally against the US dollar.

British Pound Falls as Construction Activity Declines in December

The British pound fell against most of its major peers on Wednesday following a fresh release that showed a drop in activity within the construction sector in the last month of 2017. The British currency further weakened against the US dollar as traders anticipated the minutes of the last Federal Open Market Committee’s meeting.

GBP Gains on USD, Falls vs. Other Rivals After Manufacturing PMI

The Great Britain pound gained on the US dollar but fell versus other most-traded currencies after the release of Britain’s manufacturing PMI.

Sterling Slides as Brexit Talks Encounter Another Roadblock

The Great Britain pound dropped today after the Brexit talks planned for yesterday failed to yield a result, collapsing at the last minute. The fact that growth of Britain’s services sector slowed more than was expected did not help the currency either.

Great Britain Pound Propelled Higher by Hopes for Brexit Deal

The Great Britain rallied today amid signs that Britain and the European Union continued to make progress in their Brexit negotiations.

Britain’s Services Sector Shows Strong Growth, Pound Halts Slump

The Great Britain pound was stable today following yesterday’s steep sell-off. The currency got some support from the solid performance of Britain’s services sector.

Pound Crashes After Dovish Hike by BoE

The Bank of England hiked its main interest rate for the first time in a decade as was widely expected, but markets considered the hike to be a dovish one. The Great Britain pound crashed as a result, falling more than 1% against its most-traded peers.

British Pound Rallies Against US Dollar on Strong PMI Data

The British pound today rallied higher against the US dollar after the release of positive Markit/CIPS UK Services PMI data. The stalled recovery in the US dollar also contributed to the pound’s rally against it due to declining US treasury yields.

Pound Drops After Britain’s Construction Contracts Unexpectedly

The Great Britain pound dropped today after Britain’s construction sector unexpectedly contracted last month, causing worries about the state of the country’s economy and speculations that the Bank of England may refrain from tightening its monetary policy in the near future.

British Pound Declines Against US Dollar on Weak PMI Data

The British pound today weakened against the US dollar after the release of weak UK manufacturing PMI data early in the European session. Several releases from the US docket such as the ISM Manufacturing Index in the early North American session also drove the British pound lower against the greenback.

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