Category: Chills
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UK manufacturing chills as tax rises stifle demand
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Looming tax rises and persistent cost pressures are sending a ‘winter chill’ into Britain’s factories, as new data reveals the weakest growth in the manufacturing sector in 11 months. The final global Purchasing Managers’ Index (S&P) for December fell to 47 – down from 48 in November and below the…
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TA of the Day: USD/JPY Chills Out And Consolidates But For How Long?
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the Japanese Yen The pound fell against the US dollar on Monday, after a strong run last week. Markets, especially Japanese ones, were rocked last week by the end of the once-popular yen carry trade, which involves borrowing yen at a low cost to buy other currencies and assets that…