UK Preliminary Services PMI enters contraction with 48.7 in August vs. 50.8 expected

UK Manufacturing PMI declines to 42.5 in August, below expectations of 45.0.
Services PMI in the UK contracts to 48.7 in August, misses estimates.
GBP/USD drops below 1.2700 on disappointing UK business PMIs.

more to come ...

Aug 23, 2023

NOK should appreciate toward the end of the year – Commerzbank

Antje Praefcke, FX Analyst at Commerzbank, expects the Norwegian Krone (NOK) to appreciate toward the end of the year. Norges Bank will follow through

EUR/JPY dives to two-week low, around 157.25 area after disappointing Euro Zone PMIs

The EUR/JPY cross extends the overnight retracement slide from the vicinity of mid-159.00s, or its highest level since September 2008 and remains unde