Loonie falls sharply on GDP miss; pound boosted on Barnier; Eurozone readings mixed

Loonie falls sharply The Canadian dollar lost ground versus its US counterpart as GDP figures unexpectedly reflected a contraction in the Canadian economy. Eurozone data on inflation, economic growth and unemployment out during today’s session gave a mixed picture. The pound moved higher after some comments by Michel Barnier, the EU’s chief Brexit negotiator, which
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UK services PMI lifts pound off 3-week lows but growth lags Eurozone UK services PMI Manufacturing and services PMI released in the UK this week indicate the British economy continues to expand at a moderate pace, easing concerns of a sharper slowdown or a recession as the Brexit uncertainty bites on growth. However, when put
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Eurozone retail sales dropped as expected in July retail sales dropped Retail income inside the euro location shrank 0.3 percentage month-over-month in july of 2017, following an upwardly revised zero.6 percent advantage in june and in comparison to marketplace expectancies of a zero.2 percentage decline. It’s far the biggest fall in retail trade seeing that
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Eurozone manufacturing PMI registered a rise in August Eurozone manufacturing PMI ihs markit’s final production shopping managers’ index came in at 57.4, consistent with the flash estimate and up from july’s fifty six.6. a studying above 50 indicators expansion, at the same time as a reading underneath points to contraction. markit said strong call for
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Eurozone unemployment rate steadied in July unemployment rate steadied The pct within the monetary unit space was unchanged at nine.1 % in July of 2017, an equivalent as within the previous month and in line with market expectations. it’s the bottom unemployed rate since Feb of 2009. A year earlier, the pct was higher at
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