Pound Sterling (GBP) is weak and down 0.5% towards the US Greenback (USD), a mid-performer among the many G10 in an setting of broad-based USD power, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret notice.
PMIs simply on both aspect of fifty
“The most recent PMI’s have supplied a greater than anticipated enchancment in manufacturing alongside an as anticipated enchancment in companies. Each readings stay very near the growth/contraction threshold at 50, providing little by way of materials progress or contraction. This week’s information calendar is mild and contains CBI sentiment information on Tuesday.”
