09272016Tue
Last update: Tue, 27 Sep 2016 05am

Europe

Markets - FXMM - Europe

Sterling hits 7-week high vs dollar after robust UK services survey LONDON: Sterling jumped to a 7-week high against the dollar on Monday, and hit a one-month peak against the euro after a survey showed Britain's services industry bounced back strongly in August from a slump triggered by June's vote to leave the European Union.The Markit/CIPS Purchasing Managers' Index (PMI) for the dominant services sector jumped to 52.9 in August from July's seven-year low of 47.4, the biggest one-month gain in the survey's 20-year history and one which beat all forecasts in a Reuters poll.The survey echoed the upbeat tone of data released last week on the manufacturing and construction sectors in August and bolstered a view that the economy was holding up well so far.Sterling rose to $1.3375, its highest since mid-July and up 0.6 percent on the day. It was trading at $1.3330 immediately before the data, having posted three straight week of gains last week, its best run ...

Markets - FXMM - Europe

Sterling firm near one-month high, awaits key UK services data LONDON: Sterling hovered near a one-month high on Monday, with investors awaiting a survey on Britain's dominant services sector that is expected to show that the economy is stabilising after the shock Brexit vote in June.The pound was also stronger against the dollar which eased after data showed U.S. jobs growth in August falling short of expectations, reducing the likelihood that the Federal Reserve will raise rates later this month. The dollar index was down ...

Markets - FXMM - Europe

Dollar dips vs yen after BOJ's Kuroda disappoints easing bets LONDON: The dollar slipped against the yen on Monday, after the head of the Bank of Japan disappointed those investors who had expected a clear signal that monetary policy would be eased further this month.The greenback hit a five-week high on Friday as markets bet that the U.S. Federal Reserve was still likely to raise interest rates in the coming months, despite disappointing U.S. jobs numbers.But having gained more than 4 percent against the Japanese ...

Markets - FXMM - Europe

Sterling underpinned by UK construction survey, awaits US jobs LONDON: Sterling rose to a day's high on Friday after a survey showed a downturn in Britain's construction sector was easing, boosting expectations that the economy is holding up well after the shock Brexit vote in June. The Markit/CIPS UK Construction Purchasing Managers' Index (PMI) rose to 49.2 from 45.9 in July, still below the 50 mark dividing growth and contraction but beating all forecasts in a Reuters poll.Sterling rose to a high of $1.3295, ...

Markets - FXMM - Europe

Sterling soars as UK manufacturing rebounds from Brexit shock LONDON: Sterling jumped 1 percent to hit a one-month high and traded above $1.32 against the dollar on Thursday, after data showing the British manufacturing sector staged one of its sharpest rebounds on record in August.The Markit/CIPS Purchasing Managers' Index (PMI), a closely watched gauge of factory activity, jumped to a 10-month high of 53.3 in August, recovering from the three-year low it hit in July after Britain's June 23 vote to leave the European ...

Markets - FXMM - Europe

Dollar stalls before US jobs data, sterling awaits UK PMI LONDON: The dollar's advance against the yen stalled on Thursday with investors positioning for Friday's non-farm jobs report, which is set to shape the market's near-term US interest rate expectations.In Europe, the focus was on sterling and the UK manufacturing PMI survey for August, following a run of generally more upbeat-than-expected data that has taken the edge off concerns about a sharp decline in economic activity following June's Brexit vote.Sterling was trading 0.1 percent higher ...

Markets - FXMM - Europe

Zloty off one-month low after PMI, remains fragile BUDAPEST/WARSAW: The zloty rebounded from a one-month low against the euro on Thursday after Polish and Czech manufacturing indices (PMIs) showed some pick-up in economic activity in August.Poland's index picked up to 51.5 from 50.3 in August and the Czech index rose to 50.1 from 49.3.The zloty firmed 0.1 percent to 4.3565 against the euro by 0749 GMT, after touching a one-month low at 4.369 before the PMI figures were released.The currency has hit multi-week ...