Sterling continues to benefit from the uncertainty in the market
Chinese production slowed once again in August although the flash Purchasing Managers’ Index (PMI) edged up to 49.8 in August from July’s final reading of 49.3. The index was still below the 50 point mark which would show an expansion. [...]
Bank of England MPC vote 9 – 0 to keep interest rates at all time low.
Minutes released for the last meeting of the Bank of England monetary policy committee showed that no one voted to increase interest rates. This has meant a sell-off of sterling as fear of a slip back into recession takes grip. Unemployment [...]
