Earlier today, upbeat data had helped to push the Pound higher, though analysts believe that it just a knee-jerk reaction. Markit reported that the UK’s January PMI for the construction sector was unexpectedly improved with a reading of 48.4 against an expected reading of 46.6; the previous reading was at […]
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Pound Recovers After Construction PMI Release – 04 February 2020
IHS Markit’s UK Construction PMI went up to 48.4 last month, after being at 44.4 in December, showing a slower pace of contraction and a recovering sector. The figure shows how both home building and commercial activity related to the sector went down at a slower pace from the previous […]
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Global Markets Surge as China Tries to Curb Panic – 04 February 2020
Global stock markets were broadly higher on Tuesday afternoon in Asia as Chinese government officials worked hard to quell the panic that has been rising worldwide surrounding the coronavirus which has now killed close to 500 people in just over a month. South Korea’s Kospi lead the gains, surging 1.76 […]