Money News Overview Monday 2nd September: Focus on Eurozone GDP and US Non-Farm Payrolls Amid Market Volatility

Tuesday is relatively quiet on the economic front, with only one major event scheduled.

A Promising Week for UK Manufacturing, But Currency Volatility Looms

The week kicks off with the UK’s Purchasing Managers Index (PMI) report, with expectations of a rise in the manufacturing sector. The forecasted index of 52.5 signals positive growth, offering a boost of confidence in this vital sector.

The pound remains strong, sitting near its two-year high against the dollar. However, this stability could be tested in the coming days. With the Bank of England, European Central Bank, and Federal Reserve all expected to cut interest rates this month, we can expect heightened volatility in the currency markets. Such fluctuations could have a significant impact on major currency pairings, making it a critical time for businesses engaged in international trade.

As the week progresses, markets will closely watch key economic releases. The spotlight will be on the Eurozone’s Gross Domestic Product (GDP), a crucial indicator of the region’s economic health. This data will provide a clearer picture of the Eurozone’s performance and potential future trends.

In the US, the focus will shift to Friday’s Employment – Non-Farm Payrolls report. This highly anticipated report will give insight into the US labour market, offering key clues about the overall economic outlook.


For expert guidance on how these developments could impact your business, or to seize opportunities in this volatile market, reach out to one of our specialists for tailored advice.