Fed holds rates as it warns fight against inflation has hit a bump
The US is not suffering from “stagflation” and is growing well despite stubborn inflation, Federal Reserve chairman Jerome Powell has said.
Source: yahoo.com
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Britain's manufacturing sector suffers downturn amid ongoing Red Sea disruption
The S&P Global/CIPS UK manufacturing PMI survey slipped to 49.1 in April, having hit a 20-month high of 50.3 the previous month.
Source: thisismoney.co.uk
UK factories slip back into downturn as cost pressures rise, PMI shows
(Refiles to remove extraneous word in headline) LONDON (Reuters) – British manufacturing fell back into contraction in April and cost pressures escalated, although the pace of decline was a little less marked than first feared, a survey showed on Wednesday. The S&P Global UK Manufacturing Purchasing Managers’ Index (PMI) fell in April to 49.1. While…
Source: swissinfo.ch
Euro pound (EUR/GBP) rangebound amid UK manufacturing downturn | Euro Exchange Rate News
The euro pound exchange rate is trading without a clear direction this morning as Eurozone markers close for Labour Day.
Source: euroexchangeratenews.co.uk
UK manufacturing sector shrinks - PMI
The UK manufacturing sector shrank last month, a closely-watched survey showed on Wednesday, as supply chain disruption hit home.
Source: sharecast.com