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Rising UK retail sales could spur pound gains

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.

Weekly Roundup: Disappointing service sector ...

While the Markit PMIs are afforded less attention than the more established ISM surveys the surprise decline in February’s services reading left the U

Pound rallies on unexpected UK manufacturing ...

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

GBP refreshes 2020 high

Sterling reversed its losses on Tuesday after new UK Chancellor Rishi Sunak said he would unveil the annual budget on 11 March as previously planned.

Pound falters despite UK household optimism ...

An unexpectedly sharp bounce in the latest IHS Markit household finance index was not enough to prevent the pound from shedding ground yesterday.

Weekly Roundup: Signs of Fed dovishness weigh ...

Fed Chair Jerome Powell prompted the US dollar to trend lower across the board last week as he sounded a note of caution over the economic outlook.

German growth worries spark euro selloff

Germany’s fourth quarter gross domestic product report proved disappointing, weighing the euro down on Friday.

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