Trading news

Britain's manufacturing activity wanes

Britain's upcoming referendum regarding the nation's membership in the European Union raised concerns thus having influenced the manufacturing activity that expanded barely last month.

Britain's Manufacturing PMI to 50.1

U.K's Markit/CIPS manufacturing Purchasing Managers' Index climbed from April's 49.4 figure to 50.1 in May, amid the economists having predicted a 49.6 figure.

Based on official data, the British manufacturing did not contribute to the nation's growth for 2015, and currently for 2016.

Furthermore, the business sector, the investment spending, and June's referendum strongly influenced the economy, thus creating uncertainty.

Moreover, the economy is expected to weaken in Q2. The Bank of England stated that in the scenario where the nation exits the EU this could add more obstacles, as well as force the nation into a deeper recession.

Read More

Wednesday, 01 Jun, 2016 / 12:17

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/britain-s-manufacturing-activity-wanes

Trading news

 

Stocks lick wounds; pound tumbles on lockdown fears

  Selloff in equities eases but sentiment still subdued amid virus [...]

Posted on Tuesday, 22 Sep, 2020 / 9:56 under

DOW weighed down amid fresh lockdown worries – DOW JONES Market Outlook – 22/09/2020

Global equities tanked on fresh lockdown worries across Europe and possible [...]

Posted on Tuesday, 22 Sep, 2020 / 8:19 under

1.17 is the line in the sand for the Euro – EUR/USD Market Outlook – 22/09/2020

The bearish pressure on the Euro is mounting as price is currently trading [...]

Posted on Tuesday, 22 Sep, 2020 / 8:18 under