UK factories shed workers as higher costs pound finances
British factories are shedding workers after being pounded by soaring costs and weaker spending from customers.
Source: cityam.com
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Pound US Dollar Exchange Rate News: GBP/USD Wavered amid Weakening UK Factory Activity
Pound US Dollar Exchange Rate News: GBP/USD Wavered amid Weakening UK Factory Activity | Currency News UK
Source: currencynews.co.uk
Euro Shrugs CPI Release, Traders Turn Cautious Ahead of Key Events
Forex traders are probably starting to put up guards ahead of the key events in FOMC rate tomorrow, ECB on Thursday, and NFP on Friday. Australian Dollar remains the top performer today, bolstered by RBA's unexpected rate hike. However, there is no follow through buying after the initial spike. Meanwhile, Yen is attempting a recovery, though momentum appears weak. Sellers have shifted their attention to Canadian Dollar today, while European majors also show some weakness. Notably, Euro has shown no reaction to the released CPI data.
Source: actionforex.com
FTSE 100 erases last week's gains with a sharp drop at the close
FTSE 100 closes 98 points lower Wall Street slides as FOMC meeting begins BP weak on cautious outlook, but HSBC up as profit triples 4.40pm: FTSE 100 falls...
Source: proactiveinvestors.co.uk
UK Manufacturing Downturn Continues In April
The British manufacturing sector contracted further at the start of the second quarter, as output and new orders fell amid headwinds of client uncertainty, destocking, and tightening cost controls, survey results from S&P Global revealed Tuesday.
Source: rttnews.com