Tag Archives: uk construction pmi

Euro drops to 4-week low against sterling

Euro tumbled to a four-week low against sterling following better than forecast construction data from the United Kingdom. The British construction sector showed signs of growth after the construction PMI ( Purchasing Managers' Index) for October moved up to 50.9 from 49.5 in September. This beat economists’ predictions for a lower figure of 49.1. Any number below indicates contraction and...

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November 2, 2012 @ 11:19 am

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Euro drops to 4-week low against sterling

Euro tumbled to a four-week low against sterling following better than forecast construction data from the United Kingdom. The British construction sector showed signs of growth after the construction PMI ( Purchasing Managers' Index) for October moved up to 50.9 from 49.5 in September. This beat economists’ predictions for a lower figure of 49.1. Any number below indicates contraction and...

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November 2, 2012 @ 11:19 am

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The EUR/CHF Comes to Life and Other Euro News

The Euro Swissy came to life today, gaining a full 11 pips in the aftermath of a good retail sales number. Swiss Retail Sales came out at 3.7% versus expected 2.8%. But important to note that the EUR/CHF did not move for around 11 minutes after the report, so the move up may be not related to the retail sales at all. There are speculations floating around that some Swiss names were buying the...

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August 2, 2012 @ 10:28 am

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The EUR/CHF Comes to Life and Other Euro News

The Euro Swissy came to life today, gaining a full 11 pips in the aftermath of a good retail sales number. Swiss Retail Sales came out at 3.7% versus expected 2.8%. But important to note that the EUR/CHF did not move for around 11 minutes after the report, so the move up may be not related to the retail sales at all. There are speculations floating around that some Swiss names were buying the...

Continue reading...

August 2, 2012 @ 10:28 am

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