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UK Service Sector Growth Moderates In September

British service sector growth remained strong in September, but the pace of expansion eased moderately since August, survey data from IHS Markit showed Wednesday. The IHS Markit/Chartered Institute of Procurement & Supply services Purchasing Managers’ Index dropped to 53.9 in September from 54.3 in August. The score was also below the forecast of 54.0. However,…

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UK Shop Prices Rise For Second Straight Month: BRC

UK shop prices increased for the second consecutive month in September after five years of deflation, data from British Retail Consortium showed Wednesday. The shop price index climbed 0.2 percent year-on-year in September, following a 0.1 percent rise in August. Food inflation held steady at 1.9 percent. At the same time, non-food deflation eased slightly…

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U.S. Private Sector Employment Jumps More Than Expected In September

Reflecting strong job growth in both the goods-producing and service-providing sectors, payroll processor ADP released a report on Wednesday showing a much bigger than expected increase in U.S. private sector employment in the month of September. ADP said private sector employment jumped by 230,000 jobs in September after climbing by an upwardly revised 168,000 jobs…

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Dollar Slightly Up After ADP Private Payrolls

At 8:15 am ET Wednesday, ADP private sector employment data for September has been released. The greenback rose slightly against its major counterparts after the data. The greenback was trading at 113.88 against the yen, 0.9885 against the franc, 1.1545 against the euro and 1.2989 against the pound around 8:17 am ET. The material has…

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Romania CB Holds Rates Steady

Romania’s central bank left its key interest rate unchanged on Wednesday, as it expects inflation to fall within its target in the coming months. The board of the National Bank of Romania left its monetary policy rate unchanged at 2.50 percent, in line with economists’ expectations. The bank kept its deposit facility rate at 1.50…

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Poland Interest Rates Remain Unchanged

Poland’s central bank held its key interest rate unchanged at a record low, in line with economists’ expectations. The Monetary Policy Council decided to keep the key reference rate at a record low 1.50 percent, the National Bank of Poland said in a statement on Wednesday. The previous change in the reference rate was a…