In the Labor Day, Sterling absorbed the results of the Purchasing Managers’ Index

In a labor holiday, where most of European markets are not on duty, the sterling is absorbing easily some negative data about the Purchasing Manager’s Index (PMI), where the data showed a fall to 50.5 in the month of April, 1.4 points below march. Even if it is above 50 points the constant rate that decides a contraction, the trend goes back to levels presented in 2009, when the PMI recovered from the crisis.... Read More