The UK services sector rallied sharply in August suggesting an imminent recession will be evaded, data showed yesterday. The Markit/CIPS Purchasing Managers' Index (PMI) for the services sector jumped to 52.9 in August from July's seven-year low of 47.4
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06/ 09/ 2016
UK Services PMI boosts the Pound
05/ 09/ 2016
The week ahead | All eyes on G20 meetings
Following on from the weekend, China are hosting the G20 meetings, attended by finance ministers and central bankers from 20 industrialised nations. This includes the G7 nations – Canada, Italy, France, Germany, Japan, the UK and the US.
02/ 09/ 2016
Will bullish Non-Farm Payrolls force the Fed’s hand?
The Dollar rally took a breather yesterday, after a four-day winning streak sparked by Fed Chair, Janet Yellen and Vice Chair, Stanley Fischer’s hawkish comments.
01/ 09/ 2016
Markets await UK and US Manufacturing data
Eurozone data was the immediate focus of the markets yesterday, as there was a string of medium tier data releases from the single currency. The results were mixed as German Retail Sales and Unemployment outperformed expectations, whilst inflation data for the Eurozone as a whole painted a lacklustre picture.
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