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
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