Pound Muted After U.K. Factory PMI
02 Gennaio 2020 - 7:05AM
RTTF2
The pound showed muted trading against its major opponents
during early European deals on Thursday, after the release of UK
manufacturing activity data for December that contracted at the
fastest pace since July 2012.
Survey data from IHS Markit showed that the Markit/Chartered
Institute of Procurement & Supply Purchasing Managers' Index
fell to 47.5 in December, the second-weakest level for almost
seven-and-a-half years.
The flash score was 47.4.
Prime Minister Boris Johnson assured the nation that the U.K. is
on the verge of a "new chapter" and that he would "finish the job"
by delivering Brexit within weeks.
The pound declined in the previous session amid uncertainty
about the outcome of trade negotiations between the U.K. and
Brussels.
The pound held steady against the greenback, after having
dropped to a 2-day low of 1.3202 at 12:15 am ET.
The U.K. currency fell as low as 143.51 against the yen at 10:50
pm ET and held steady in subsequent trading.
The pound consolidated in lower 1.28 range against the franc,
following a decline to 1.2791 at 10:50 pm ET.
After falling to 0.8494 against the euro at 10:50 pm ET, the
pound held steady thereafter.
Final data from IHS Markit showed that the euro area
manufacturing sector continued to contract in December with
weakness spread across most of the member countries.
The manufacturing Purchasing Managers' Index fell to 46.3 in
December from 46.9 in November. However, the score was above the
flash reading of 45.9.
Looking ahead, the U.S. weekly jobless claims for the week ended
December 28 and Markit's final manufacturing PMI for December are
set for release in the New York session.
Grafico Cross Sterling vs CHF (FX:GBPCHF)
Da Mar 2024 a Apr 2024
Grafico Cross Sterling vs CHF (FX:GBPCHF)
Da Apr 2023 a Apr 2024