Sterling had a two-month high against dollar confiscated after a disappointing weak for Britain's economy sent a message to central bankers to leave those record low interest rates be.
A surprise slowdown in U.K. manufacturing growth to a seven-month low dealt a fundamental setback to the pound. And the more than 2-point dip to 51.9 from 54 marked the biggest one-month decline in more than two years.
Britain this week reported the slowest growth in two years in the first quarter. Britain's weaker economic performance of late has raised the already high stakes for the big vote for premier on May 7, moving political uncertainty to the fore.
Commentary
GBP review
Sterling had a two-month high against dollar confiscated after a disappointing weak for Britain's economy sent a message to central bankers to leave those record low interest rates be. A surprise slowdown in U.K. manufac…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
