Trade the USD on the extreme volatility
The Federal Reserve will make its monetary policy statement and announce the official rate on December 19, at 21:00 MT time.
UK manufacturing surge stabilizes in June
In June, UK factories kept up a steady tempo of surge, although concerns as for global trade as well as Brexit affected confidence about the outlook to a seven-month minimum, as a poll disclosed on Monday.
As a matter of fact, the IHS Markit/CIPS UK Manufacturing Purchasing Managers' Index rallied to 54.4 in contrast with May’s reading of 54.3. It confounded the consensus of 54.0 in a Reuters survey of financial analysts.
June managed to cap the weakest quarter for the UK manufacturing PMI in 1.5 years, and poll compiler IHS Markit told that prospects for the sector that amounts to 1/10 of economic output, seems to be doubtful.
This year optimism went down to its lowest value because factory bosses are irritated by the exchange rate, cost pressures, probable future trade tariffs as well as the UK’s departure from the EU.
The given figures actually got along with a Lloyds Bank poll the previous week that also disclosed that business confidence tumbled to its lowest value this year.
The previous week’s data revealed that the economy's deceleration early this year turned out to be less severe than first anticipated, although consumer and business polls have depicted rather a mixed picture of the second quarter.
By the way, Bank of England representatives weighing up the next lift in interest rates have been trying to draw attention to positive numbers.
Since the beginning of 2018 the turnaround in manufacturing performance has appeared to be remarkable, with striking surge rates late in 2017 turning into some of the poorest rates of expansion observed for the last two years.
British manufacturers had become extremely reliant on work backlogs as well as building up stock when it comes to maintaining output.
Market experts are assured that the British economy will require looking to other sectors if GDP surge meets hopes in the latter half of the year.
Similar
News to trade on December 18
Find out the main market movers for today and the reasons behind the risk-off sentiment!
Annual inflation is updated downwards to 1.9% in euro zone
November’s euro zone consumer price inflation was suddenly updated downwards on Monday, thus contributing to skepticism that the EU’s key financial institution won’t be able to move ahead with an interest rate lift next year…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
