construction

Last week IHS Markit released the monthly UK PMI's covering the manufacturing, construction and services sector for the month of December. According to the report, the Purchase Manager's Index surveys showed that, despite the ongoing uncertainty surrounding Brexit, the activity across the sectors remained resilient. Growth was seen rising at ...

2018-01-17 John Benjamin Read more
UK Jobs_0404

Manufacturing and construction PMI slows in March Services PMI rises to the highest level this year UK all-sector PMI suggests UK’s GDP might have expanded at a pace of 0.4% in the first quarter of 2017 Weak readings in manufacturing and construction suggests worsening conditions in the coming months Consumer-focused services saw...

2017-04-07 John Benjamin Read more
China Inflation

The currency markets opened on Monday on a quiet note with most of the trading confined to the Asian and European sessions. The US and Canadian markets were closed on Monday. Economic data during the day was confined to the services PMI across various economies. In the Eurozone, the composite PMI fell to a 19-month low at 52.9 and falling below ...

2016-09-09 John Benjamin Read more
ECB

The British pound closed the week as the top currency gaining 1.38% relative to the US dollar. The gains came on a surprise improvement in the UK's manufacturing PMI. Although construction PMI still showed a contraction, the better than expected improvement added to the optimism. Following the GBP, was the Kiwi dollar which also managed to post ...

2016-09-05 John Benjamin Read more
FED RBNZ_New Zealand Dollar

Market Summary New Zealand wage growth seen subdued in Q2 Eurozone services PMI better than estimated UK services PMI contracts. Falls to 47.4 Atlanta Fed's Lockhart does not rule out a rate hike in September ADP payrolls rise for the second consecutive month Today’s Economic events UK BRC Shop price index y/y -1.60%...

2016-08-03 John Benjamin Read more
RBA

The Reserve Bank of Australia opted to keep interest rate unchanged at 1.75% at its meeting today. The Bank of England released its Financial Stability report and lowered the bank’s capital buffer requirements, in a bid to allow for nearly 150 billion GBP in additional lending for households and businesses in the UK. Today’s Economic events ...

2016-07-05 John Benjamin Read more
Uk inflation_BoE_2003

Positive Australia retail sales and trade balance data point to an increase in GDP while in the UK services PMI was also weaker indicating a slow start to Q2 economic activity in the country, weighed by Brexit concerns. Today’s Economic events Australia HIA new home sales m/m 8.90% vs. -5.30% Australia retail sales m/m 0.40% vs. 0.30% ...

2016-05-05 John Benjamin Read more