Along with the poor retail sales data on Thursday, now we have the extremely poor PMI data published on Friday 22 from the UK during European morning hours. These data reflect a slowing of economic activity in the country as both the manufacturing index and the service sector index fell below the level 50 which is the equilibrium level of these indicators. The manufacturing index has come out with a value of 49.1 while the value of the service sector has been 47.4, well
Continue reading The pound (GBP) again damaged by a dismal PMI data
The week ended last Friday (02/26/2016) started with a very negative investment atmosphere and this was reflected immediately in the prices of the major stock indexes, which suffered widespread and strong falls in the early stages of the week especially in the day on Tuesday.
As the week progressed the atmosphere was becoming opposite and at the end financial markets have managed to close with mixed results. In the foreign exchange the pound sterling crosses have
Continue reading Mixed sentiment in the stock markets and fall of the GBP, the highlight of the week