Pound Climbs As U.K. Private Sector Activity Expands Unexpectedly
23 Novembre 2023 - 10:52AM
RTTF2
The pound firmed against its major counterparts in the European
session on Thursday, after a data showed that the nation's private
sector activity returned to expansion in November.
Flash survey results from S&P Global and the Chartered
Institute of Procurement & Supply showed that U.K. composite
PMI rose to 50.1 from 48.7 in October. The score was expected to
rise to 48.7.
The services PMI came in at 50.5 in November, up from 49.5 in
October. The reading was expected to remain unchanged.
The manufacturing PMI advanced to 46.7 from 44.8, above
estimates of 45.0.
U.S. stock markets are closed today for Thanksgiving Day, and
European stocks are somewhat flat with investors looking for
direction.
The pound advanced to more than a 2-week high of 0.8683 against
the euro and a 2-1/2-month high of 1.2569 against the greenback,
off its early lows of 0.8724 and 1.2483, respectively. The pound
may find resistance around 0.84 against the euro and 1.27 against
the greenback.
The pound moved up to a 1-week high of 187.65 against the yen
and an 8-day high of 1.1100 against the franc, from an early low of
186.27 and a 3-day low of 1.1021, respectively. The pound is seen
finding resistance around 194.5 against the yen and 1.13 against
the franc.
Euro vs Sterling (FX:EURGBP)
Graphique Historique de la Devise
De Juin 2024 à Juil 2024
Euro vs Sterling (FX:EURGBP)
Graphique Historique de la Devise
De Juil 2023 à Juil 2024