Upbeat PMIs Brought Buyers Back Into the Euro

Preliminary estimates of European business activity indices noted an overall acceleration in the Eurozone economy better than expected, helping the Euro find temporary support as it approaches 1.08.

FXStreet19minutes ago

Former Bank of England official says early UK elections make interest rate cuts in June less likely

The Zhitong Finance App learned that Michael Saunders (Michael Saunders), a former interest rate setter at the Bank of England, believes that the possibility of interest rate cuts in June has disappeared, but the market may have underestimated the potential chance of cutting interest rates later this year. As a senior adviser at the Oxford Institute of Economics, Sanders pointed out after analyzing higher-than-expected inflation data released on Wednesday that this has drastically reduced the possibility that central bank officials will take action next month. Coupled with the government's decision to hold elections, this probability was further weakened. Sanders made it clear in an interview on Thursday: “The Bank of England itself does not want to be a market

Zhitong Finance44minutes ago

The Eurozone economy continues to recover, and the composite PMI has been above the boom and bust line for three consecutive months

Supported by strong optimistic demand from the service sector, the overall business activity scale of Eurozone enterprises expanded at the fastest rate in a year this month, while the Eurozone manufacturing industry, which had been sluggish for 2 years, showed signs of close recovery.

Zhitong Finance05:19 ET

EUR/GBP Rises Toward 0.8550 Due to Improved Eurozone Manufacturing PMI

EUR/GBP gains ground as Eurozone Manufacturing PMI improved to 47.4 in May, reaching a 15-month high.

FXStreet05:15 ET

UK Recovery From Recession Loses Pace With PMIs Below Forecast

The UK economy’s recovery lost some momentum in May as activity and price pressures in the services sector started to fade.

BNN Bloomberg05:07 ET

ECB: Euro Area's Negotiated Wages Rise 4.69% YoY in Q1 2024 Vs. 4.50% in Q4

The European Central Bank (ECB) published its indicator of the Euro area’s negotiated wages data for the first quarter of 2024 on Thursday.

FXStreet05:06 ET