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British manufacturing PMI dips to 55.9 in September
In September, the British manufacturing sector kept expanding at a solid clip, although at a slower tempo, as industry data disclosed on Monday.
According to market research group Markit, its British manufacturing PMI edged down to a seasonally adjusted 55.9 the previous month versus August’s outcome of 56.9. Financial experts had hoped the index would slump to 56.4 in September.
On the index, an outcome above 50.0 stands for industry expansion, while the reading below points to contraction.
Output as well as fresh orders both rallied at above long-run average rates. Evidently, the latest poll indicated that cost inflationary pressures jumped. It reflected a combination of soaring commodity prices, the exchange rate, not to mention increased supply-chain pressures.
The currency pair GBP/USD reached 1.3311 versus 1.3318 ahead of the publication of the data. Meanwhile, EUR/GBP traded 0.8820 versus 0.8825 earlier.
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
While Citigroup reports better-than-expected quarterly data, it is also aims at restructuring its global presence. What will be the impact?
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