Source: IHS Markit Eurozone manufacturing grew to the highest level in five months in January, as production, new orders, and employment climbed at a faster level during the month. EZU is up 0.68%. The eurozone manufacturing PMI stood at 58.7 in January, faster than December’s 58.0. This is the highest level since August 2021.Output expanded for the nineteenth straight … [Read more...] about Eurozone Manufacturing Hits Five-Month High
Forex News
UK Manufacturing Slips as New Order Growth Decelerates
Source: IHS Markit UK manufacturing expanded for the twentieth straight month in January, albeit at a slower pace as new orders declined. EWU is up 0.44%. The IHS Markit/CIPS Purchasing Managers’ Index stood at 57.3 in January, lower than the 57.9 recorded in December.The decline reflects the deceleration in new order growth and the slower growth in vendor lead times … [Read more...] about UK Manufacturing Slips as New Order Growth Decelerates
Net Mortgage Borrowing Slightly Falls to £3.6 Billion in December
Source: Bank of England Net borrowing of the mortgage debt by individuals slid to £3.6 billion in December, from £3.8 billion in November. FTSE 100 up +1.08%, GBP USD up +0.30% Mortgage approvals for house purchases increased to 71,000 in December, higher than the 12-month average to February 2020 of 66,700.Consumers borrowed £0.8 billion more in consumer credit on the … [Read more...] about Net Mortgage Borrowing Slightly Falls to £3.6 Billion in December
USDCAD Bulls on the Defensive as AUDUSD Struggles Post RBA and Bitcoin Bounces Back
US dollar stays under pressure amid profit-taking.USDCAD edges lower on CAD strength.AUDUSD bounce back stalls after RBA.Bitcoin and Ethereum trim losses. The US dollar suffered its biggest daily fall since November as it dropped by about 0.70% against the majors on Monday. The sell-off came as investors consolidated gains following a recent spike to 1-1/2 year highs on … [Read more...] about USDCAD Bulls on the Defensive as AUDUSD Struggles Post RBA and Bitcoin Bounces Back
Bank of England Seen to Deliver Five Quarter-Point Hikes in 2022
Source: Bloomberg The United Kingdom’s central bank is expected to hike key policy rates five times in 2022, following the projected moves of the US Federal Reserve. EWU is down 0.27%. Money markets expect the Bank of England to implement five quarter-point rate hikes this year, lifting the key rate by a total of 125 basis points to 1.50%.The bets come after remarks of … [Read more...] about Bank of England Seen to Deliver Five Quarter-Point Hikes in 2022
