Money News Overview Tuesday 24th October 2023: The US dollar falls significantly against the euro and the pound

On the currency front, the dollar was retaining a weaker tone. As a result, the euro and sterling both gained ground versus the US dollar.

The UK unemployment rate, which was somewhat lower than expected at 4.2% in the three months to August, was already released in the macro diary.

Meanwhile, we’ll get flash PMIs from the Eurozone, the United Kingdom, and the United States throughout the day. They will provide an early indication of how these economies will fare at the start of Q4.

In September, the PMIs were generally weak across regions and industries (both manufacturing and services). Overall, the consensus predicts similarly modest outcomes in October.

Leave a Reply

Your email address will not be published.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*