Eurozone Producer Trace Index (YoY) registered at -10.6%, under expectations (-10.5%) in December

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GBP/USD drops to multi-week lows under 1.2600

GBP/USD drops to multi-week lows under 1.2600

GBP/USD came below renewed bearish stress and touched its lowest stage in on the field of two months under 1.2600 on Monday. The colossal-primarily primarily based US Buck energy following the spectacular labor market data weighs on the pair earlier than US ISM Companies and products PMI document.


What are the markets looking at this week?

What are the markets looking at this week?

The first beefy week of February will declare a quieter tone when put next to final week. Monday’s ISM Companies and products PMI for January is the fundamental macro driver in focus for the US, whereas the RBA’s payment decision takes to the front on Tuesday.

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