British Pound slips as strong ISM data revives the US Dollar

British Pound slips as strong ISM data revives the US Dollar

The Pound Sterling retreats somne 0.27% on Monday as the Greenback recovers some ground, as the US pauses strikes on Iran, and as both parties resume negotiations aimed at securing a rapid deal. The GBP/USD trades at 1.3439, after reaching a daily high of 1.3506. GBP/USD retreats as stronger US ISM Manufacturing PMI, UK fiscal […]

Growth momentum softens again – Standard Chartered

Growth momentum softens again – Standard Chartered

Standard Chartered economists Hunter Chan and Shuang Ding argue that China’s July data likely showed weaker momentum, with official PMIs for manufacturing, services and construction all below 50 and at multi-year lows. They note resilient but easing trade and Industrial Production, softer Consumer Price Index (CPI) below 1% year-on-year, and still-high PPI. Base effects likely […]

WTI stays lower near $78.50 ahead of US-Iran peace talks 2.0

WTI stays lower near .50 ahead of US-Iran peace talks 2.0

West Texas Intermediate (WTI), futures on NYMEX, trade 7.4% lower at around $78.50 during the European trading session on Monday. The Oil price holds onto its opening losses, driven by the announcement of a ceasefire 2.0 between the United States (US) and Iran. Over the weekend, US President Donald Trump said, through a post on […]