PMI — News Archive


Great Britain Pound Near Opening After Poor Services PMI

The Great Britain pound was falling today and continued to decline after the poor report about the UK services sector. Yet now the currency has reversed its movement and trades close to the opening level.

Pound Goes Down as UK Manufacturing PMI Revised Lower

The Great Britain pound moved lower against its major rivals during Monday’s trading as the nation’s manufacturing sector contracted in July even more than had been previously estimated.

Chinese Yuan Lower vs. US Dollar

The Chinese yuan fell against the US dollar today after mixed economic data from China released over the trading session.

UK Pound Plunges on Latest PMI Reading

Thanks to the Brexit vote, confidence in the UK economy is poised for big losses. The latest PMI reading — a special reading by Markit — indicates that things could be headed for trouble. Sterling is dropping dramatically on the news, losing ground to its major counterparts.

Pound Gains, Disregarding Deteriorating Construction Sector

The Great Britain pound managed to carve out gains during the Monday’s trading session even though Britain’s construction sector logged an unexpected decline in June. The currency has trimmed its gains but is trading above the opening level at the present time.

Aussie Gains on Positive GDP Report, Has Troubles Keeping Gains

The Australian dollar rallied against its major peers today with the help of surprisingly good GDP data. Other reports from Australia and its biggest trading partner, China, were not as good, making the Aussie lose some of the gains against the US dollar and retreat below the opening level versus the euro and the Japanese yen.

Euro Drops as Economic Data Disappoints

Euro is heading lower today, dropping on disappointing economic data and concerns that the eurozone will see more slowing. Concerns about the various countries in the eurozone are weighing on the 19-nation currency.

Yen Trades Higher After Mixed Data

The Japanese yen climbed against its major peers today even though macroeconomic data from Japan was mixed, failing to provide a direction for the currency.

Pound Soft vs. Dollar After Another Disappointing Report

Great Britain’s economic data provided yet another disappointing reading, this time for the services sector, making the pound fall against the US dollar today. The sterling fared better against other majors, actually rising against the euro.

Pound Little Changed vs. Dollar & Yen After Construction PMI

The Great Britain pound traded little changed against the US dollar and the Japanese yen as yet another Purchasing Managers’ Index came out below expectations.