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Slowest UK Services Growth in Over 2-Years sees British Pound (GBP) Exchange Rate Dive (News 05/10/15)

Today's Press

  • Against the majority of its most traded currency rivals, the British Pound declined in the first half of Monday’s European session. The Pound Sterling exchange rate dived by around -0.5% against the Euro, Australian Dollar and Canadian Dollar. Against the New Zealand Dollar the Pound softened by around -0.9%, but the British asset gained by just 0.2% against the US Dollar and 0.4% against the Japanese Yen.

  • The survey revealed that only 48% of CFOs say businesses will increase hiring over the next year, down from 70% in Q2.

  • Euro zone business activity grew at its weakest pace in four months during September but in one encouraging sign for the European Central Bank, service firms raised prices for the first time in four years, surveys showed on Monday.

Next Trading Day's Important Events

Forex Quotes:

  • USDJPY: 120.23
  • EURUSD: 1.1209

Indices:

  • S&P 500: 1,974.20
  • NASDAQ : 4,745.2

 


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