Fx Primus Rebates

Pound Ticks Down After U.K. Services PMI

At 4.30 am ET Monday, UK CIPS/Markit services PMI has been released. The pound edged down against its major rivals after the data. The pound was trading at 1.2983 against the greenback, 147.04 against the yen, 1.3043 against the franc and 0.8764 against the euro around 4:34 am ET. The material has been provided by…

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U.S. Dollar Advances Ahead Of Fed Meeting

The U.S. dollar drifted higher against its major counterparts in the European session on Monday, as investors await key risk events due this week, including U.S. mid-term elections and the Fed meeting for directional cues. The Federal Reserve kicks off its two-day meeting on Wednesday, with economists anticipating interest rates to remain unchanged. Investors focus…

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UK Services Growth Moderates On Economic Uncertainty, Weak Orders

The UK service sector registered its slowest rate of expansion in seven months in October, survey results from IHS Markit and the Chartered Institute of Procurement & Supply showed Monday. The services Purchasing Managers’ Index dropped more-than-expected to 52.2 in October from 53.9 in September. The expected level was 53.4. Although the headline index has…

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Turkey Inflation Remains High On Lira Weakness Impact

Turkey’s inflation accelerated for a seventh straight month and remained at a high level in October, amid increases in prices of most goods and as the impact of weakness in the lira continued to feed into prices. The consumer price index rose 25.24 percent year-on-year following a 15-year high of 24.52 percent increase in November,…

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Sweden's Services Growth Continues To Moderate

Sweden’s services sector growth continued to slow for the fourth month in a row in October to reach the lowest level seen so far this year, survey data from Swedbank and the logistics association SILF showed Monday. The Purchasing Managers’ Index for the services sector dropped to 56.3 in October from 56.6 in September. Any…