Sterling dips after weak UK business activity, retail data

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 78%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Market News

LONDON, Sept 22 - Sterling dipped against the dollar and euro on Friday, as weak business activity and retail data kept the currency on the back foot and traders tapered bets on future interest rate hikes after the Bank of England held rates the previous day.

The preliminary reading for the services sector dropped to 47.2 from 49.5 in August, further below the 50 dividing line between growth and contraction. "It's a story of weak growth for the UK," said Lee Hardman, senior currency analyst at MUFG."Whether we go into a recession remains to be seen."

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 13. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Mill Market becomes Soo Market on Saturday morningOpening ceremony for new market beside the downtown plaza is set for this weekend; contrary to published report, city has yet to announce when neighbouring plaza will open
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stocks step higher as markets wait for Fed: Stock market news todayWall Street stocks set up for a higher open as investors focus on what the Fed plans for the future.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Dow rises, Nasdaq falls as Fed keeps interest rates unchanged: Stock market news todayStocks were mixed Wednesday as Wall Street digested the Federal Reserve's decision to hold interest rates steady as expected.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stocks slide after Fed pauses, hints at higher interest rates for longer: Stock market news todayStocks were mixed Wednesday as Wall Street digested the Federal Reserve's decision to hold interest rates steady as expected.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stocks retreat as Wall Street braces for 'higher for longer' rates: Stock market news todayUS stocks were poised to continue their retreat on Thursday as investors worried over the Fed's hawkish stance.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stocks eye higher open but head for losing week: Stock market news todayWall Street stock futures edged higher on Friday, after selling off amid the prospect of prolonged high interest rates.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »