EUR/GBP stays defensive above 0.8600 amid challenges for ECB hawks, focus on German IFO data – by anilpanchal7 EURGBP Germany Recession ECB BOE
doing so, the cross-currency pair prods the bears after witnessing the biggest daily fall in a fortnight amid a cautious mood ahead of the German data.
That said, the quote slumped the previous day after downbeat activity data from Eurozone and Germany flagged fears of a recession in the bloc and pushed back the hawkish bias about the European Central Bank , even if the 0.25% rate hike is already priced in.HCOB Manufacturing PMI slumped to the lowest level since May 2020, to 42.7 for July from 43.4 prior and versus 43.5 market forecasts. That said, the Services PMI also eased to 51.1 for the said month from 52.0 prior and 52.
On the other hand, the preliminary readings of the UK S&P Global/CIPS Manufacturing PMI for July dropped to the lowest level of 2023 with the 45.0 mark versus the market’s expectations of 46.1 and previous readings of 46.5. That said, the Services PMI also printed a six-month low by declining to 51.5 from 53.7 prior and 53.0 market forecasts. With this, the first readings of the Composite PMI edged lower to 50.7 compared to analysts’ estimations of 52.4 and 52.8 prior.
Looking ahead, the ECB Bank Lending Survey and Germany’s IFO poll details will entertain EUR/GBP traders ahead of Thursday’s
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
EUR/GBP slides to 0.8650 ahead of EU/UK PMIs, ECB monetary policy announcementsEUR/GBP consolidates the latest gains as traders brace for the first readings of the Eurozone and the UK PMIs for July during early Monday. In doing s
続きを読む »
EUR/GBP drops to multi-day low, eyes 0.8600 mark on weaker Euro Zone PMIsThe EUR/GBP cross comes under heavy selling pressure during the early European session on Monday and drops to a three-day low, around the 0.8620 regio
続きを読む »
EUR/JPY holds ground above 156.40 mark ahead of the BoJ, ECB rate decisionsThe EUR/JPY pair holds ground near 156.40 during the early Asian session on Tuesday. The cross consolidates its recent losses following the downbeat G
続きを読む »
Oil rally takes a breather ahead of Fed, ECB rate hikesOil prices eased on Monday as traders await more rate hike cues from U.S. and European central banks, with tightening supply and hopes for Chinese stimulus underpinning Brent at $80 a barrel.
続きを読む »
European markets set for mixed open ahead of busy earnings week, ECB meetingEuropean markets are expected to open in mixed territory as investors digest the inconclusive results of Spain's election and look ahead to a busy week.
続きを読む »
EUR/USD: Risks skewed to downside from ECB and Fed policy updates – MUFGThe EUR corrected modestly lower against the USD over the past week. Economists at MUFG Bank analyze EUR/USD outlook ahead of ECB and Fed policy updat
続きを読む »