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Sluggish UK business activity improves, PMI shows, but threats to outlook abound
UK business activity expands modestly, new orders grow for first time this yearServices sector grows fastest in three months, outpaces German and French counterpartsEmployment, export business, future output indexes worsen amid global uncertaintyBy Andy Bruce LONDON, June 23 (Reuters) - British b...Reuters
Mon, Jun 23
Trump threatens Powell with dismissal again – Commerzbank
It came as no surprise that Fed Chair Jay Powell would draw the wrath of the US president with the FOMC's decision to leave interest rates unchanged once again – nor did the increasing rudeness displayed by the US president come as a surprise.Fxstreet
Mon, Jun 23
German industrial lobby group cuts 2025 economic forecast as US tariffs weigh
June 23 (Reuters) - The German economy is set to contract more than previously expected in 2025 as U.S. tariffs weigh on exports, the BDI industry association said on Monday, forecasting a 0.3% contraction in 2025.In January BDI had forecast a 0.1% contraction, but flagged that changes to U.S. tarif...Reuters
Mon, Jun 23
USD bounce looks small so far – ING
Here are a few initial considerations on the FX reaction to this weekend’s US strikes in Iran, with the caveat that this is a fast-developing situation. First, the dollar bounce looks small so far, especially considering its oversold and undervalued position.Fxstreet
Mon, Jun 23
EUR: Chance of returning to 1.140 – ING
The yen and antipodeans are most under pressure at the time of writing, but it was EUR and SEK that initially took the biggest hits in G10 as markets reopened, which could signal they’re the two G10 currencies most vulnerable to further meaningful geopolitical escalation, ING's FX analyst Francesco
Fxstreet
Mon, Jun 23
Euro zone growth stalls in June with sluggish services, manufacturing
Euro zone business growth flatlined in June, PMI showsGermany showed signs of recovery, France still strugglingSluggish UK business activity improvedBy Jonathan Cable LONDON, June 23 (Reuters) - The euro zone economy flatlined for a second month in June, barely expanding as the bloc's dominan...Reuters
Mon, Jun 23
Sluggish UK business activity improves, PMI shows, but threats to outlook abound
By Andy Bruce LONDON, June 23 (Reuters) - British business activity expanded modestly in June as new orders grew for the first time this year but employers cut jobs more quickly and worried about the conflict in the Middle East, a survey showed on Monday.The S&P Global UK Composite Purchasing...Reuters
Mon, Jun 23
Euro zone growth stalls in June with sluggish services, manufacturing
LONDON, June 23 (Reuters) - The euro zone economy flatlined for a second month in June, barely expanding as the bloc's dominant services industry showed only a small sign of improvement and manufacturing displayed none at all, a survey showed on Monday.HCOB's preliminary composite euro zone ...Reuters
Mon, Jun 23
AUD/JPY holds gains near 94.50 due to potential delay in the BoJ’s rate hikes
AUD/JPY extends its gains for the second consecutive session, trading around 94.50 during the early European hours on Monday. The currency cross depreciates as the Japanese Yen (JPY) loses ground amid rising expectations of delaying the interest rate hike by the Bank of Japan (BoJ).
Fxstreet
Mon, Jun 23
