The Great Britain pound reversed earlier losses today thanks to the favorable manufacturing report that showed very strong performance of the sector. The currency was still under pressure from Brexit fears. The seasonally adjusted IHS Markit/CIPS Manufacturing Purchasing Managersâ Index climbed from 55.3 in July to 56.9 in August. That was the second highest level in almost three years. Yet the sterling remained under pressure as this week’s negotiations … “Pound Finds Relief in Strong Performance of Manufacturing Sector”
Month: September 2017
Private Data Confirms Growth of China’s Manufacturing, Yuan Gains
Today’s private report confirmed yesterday’s official data that showed an improvement of China’s manufacturing sector. That allowed the Chinese yuan to appreciate even as China’s central bank set the daily fixing weaker. The Caixin China General Manufacturing PMI rose from 51.1 in July to 51.6 in August. The report said: Chinaâs manufacturing sector remained in expansion territory in August, fuelled by the strongest increase in new business for just over three years. … “Private Data Confirms Growth of China’s Manufacturing, Yuan Gains”