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United Kingdom M4 Money Supply (MoM) came in at -0.3%, below expectations (0.9%) in July
United Kingdom M4 Money Supply (MoM) came in at -0.3%, below expectations (0.9%) in July
United Kingdom S&P Global Manufacturing PMI above expectations (51.5) in August: Actual (51.7)
United Kingdom S&P Global Manufacturing PMI above expectations (51.5) in August: Actual (51.7)
British Pound edges higher as fiscal risks and rate gap weigh on Yen
The GBP/JPY cross edges higher on Tuesday, though it lacks bullish conviction and remains confined within a familiar range held over the past week or so. Spot prices currently trade around mid-216.00s amid a broadly weaker Japanese Yen (JPY).
Euro edges down against Japanese Yen ahead of Eurozone HICP data
The Euro (EUR) trades subduedly at around 185.50 against the Japanese Yen (JPY) during the European trading session on Tuesday. The major currency is mildly under pressure ahead of the Eurozone flash Harmonized Index of Consumer Prices (HICP) data for August, which will be published at 09:00 GMT.
New Zealand Dollar: RBNZ hike seen with dovish risks – ING
ING’s Francesco Pesole expects the Reserve Bank of New Zealand to raise rates by 25bp to 2.75%, with markets fully pricing the move. He argues that current market pricing for further tightening looks too hawkish unless the RBNZ lifts its rate path significantly.
Forex Today: Focus shifts to Eurozone inflation and mid-tier US data releases
Here is what you need to know on Tuesday, September 1:
Italy Gross Domestic Product (QoQ) in line with expectations (0.2%) in 2Q
Italy Gross Domestic Product (QoQ) in line with expectations (0.2%) in 2Q
Italy Gross Domestic Product (YoY) in line with expectations (1%) in 2Q
Italy Gross Domestic Product (YoY) in line with expectations (1%) in 2Q
Greece S&P Global Manufacturing PMI climbed from previous 54.3 to 54.4 in August
Greece S&P Global Manufacturing PMI climbed from previous 54.3 to 54.4 in August
Eurozone HCOB Manufacturing PMI came in at 52.7, below expectations (52.8) in August
Eurozone HCOB Manufacturing PMI came in at 52.7, below expectations (52.8) in August
Germany HCOB Manufacturing PMI registered at 54.3 above expectations (54.1) in August
Germany HCOB Manufacturing PMI registered at 54.3 above expectations (54.1) in August
Australian Dollar: Short-term pullback within broader uptrend against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann observe that AUD/USD has corrected from 0.7208 but is now rebounding, with intraday trade expected between 0.7155 and 0.7180.
France HCOB Manufacturing PMI came in at 51.1, below expectations (51.5) in August
France HCOB Manufacturing PMI came in at 51.1, below expectations (51.5) in August