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In focus today In the euro area, focus today will be on the euro area PMIs for April. The previous months’ PMIs have shown a return of the two-speed economy with the service sector in expansionary territory and manufacturing sector stuck in contraction. We expect that service PMIs will remain above 50 as rising real […]

The post Focus on April PMIs Today appeared first on Action Forex.

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17/04/2024

GBP/USD Rises as UK Inflation Higher than Expected

The British pound has rebounded after sliding 2.1% over the past week. In the European session, GBP/USD is trading at 1.2461, up 0.28%. UK inflation drops to 3.2% Inflation in the UK continues to decline but the March release was not as strong as expected. Inflation eased to 3.2% y/y, down from 3.4% in February […]
17/06/2024

Weekend Digest and a Quiet Start to the Week

In focus today It will be a quiet start to the week on the data front. From Sweden, we get the Riksbank’s Business Survey. Overnight, the Reserve Bank of Australia (RBA) is widely expected to leave monetary policy unchanged. Markets price in the first rate cut only for May 2025. French politics will continue to […]
03/05/2024

Sunset Market Commentary

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