Forex News

Eurozone Manufacturing Activity Continues To Shrink

Eurozone Manufacturing Activity Continues To Shrink

The euro area manufacturing sector continued to contract on steep reduction in orders and output in July, final data from S&P Global showed on Thursday. Further, official data showed that the unemployment rate in the currency bloc edged up in June as firms scaled back their staffing capacity amid weak economic activity.
RTTNews | 144 days ago
DAX Declines As Automakers Drag

DAX Declines As Automakers Drag

German stocks fell sharply on Thursday as automotive companies posted disappointing earnings results and a survey showed the downturn in Germany's manufacturing sector accelerated in July.
RTTNews | 144 days ago
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UK House Prices Rise For Third Month: Nationwide

UK House Prices Rise For Third Month: Nationwide

UK house prices increased for the third straight month in July, suggesting stabilization in the housing market, data from Nationwide Building Society showed on Thursday. House prices posted a monthly growth of 0.3 percent after rising 0.2 percent in June. This was the third consecutive increase and faster than forecast of 0.1 percent.
RTTNews | 144 days ago
Pound Slides Amid BoE Rate Cut Speculation

Pound Slides Amid BoE Rate Cut Speculation

The British pound weakened against other major currencies in the pre-European session on Thursday, as traders speculate that the Bank of England is likely to lower its interest rate from a 16-year high at the monetary policy meeting today.
RTTNews | 145 days ago
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the pre-European session on Thursday.
RTTNews | 145 days ago
European Economic News Preview: BoE Likely To Cut Rates

European Economic News Preview: BoE Likely To Cut Rates

The Bank of England is likely to lower its interest rate from a 16-year high on Thursday but it will be a very close call. The Monetary Policy Committee is expected to trim the bank rate by 25 basis points to 5.00 percent. This would be the first reduction since the onset of the pandemic. However, markets are divided over the chance of a rate cut today.
RTTNews | 145 days ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 145 days ago

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