Pound Gains on Dollar as Britons Vote in National Election

LONDON, July 4 Reuters The pound gained on Thursday against a broadly weaker dollar which was hurt by soft U.S. economic data, as Britons voted in a parliamentary election that investors hope will bring some stability to British politics. Opinion polls show Keir Starmer39;s centreleft Labour Party on course for a landslide victory over Prime Minister Rishi […]
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Dollar on Defensive after Data, Battered Yen under Watch

TOKYO, July 4 Reuters The dollar was on the back foot on Thursday after U.S. economic data continued to point to slowing growth, offering limited relief to the yen, which remained pinned near a 38year low that had the market on alert for government intervention. The euro and sterling both consolidated off threeweek highs against […]
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U.K and Spain Services PMI Show Strong Business Activity, U.S. ISM Services PMI and U.S. Labour Market Data were Reported Weak Showing Cooling, U.S. Dollar Weakened, Metals Jumped, Bitcoin Suffers

Previous Trading Days Events 03.07.2024 The U.S. services sector activity slumped to a fouryear low in June amid a sharp drop in orders. The Institute for Supply Management said its nonmanufacturing purchasing managers PMI index dropped to 48.8 last month, the lowest level since May 2020, from 53.8 in May.  The PMI fell below the […]
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Lufthansa to Consider Raising Stake in ITA to 90, CEO says

ROME, July 4 Reuters Lufthansa will consider raising its stake in Italy39;s ITA Airways to 90, starting from early next year, the CEO of the German airline said in an interview published on Thursday. Carsten Spohr was speaking after his company won EU antitrust approval to buy 41 of stateowned ITA for 325 million euros 350 million. For […]
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UKs Barclays to Sell German Consumer Finance Business

July 4 Reuters Barclays has agreed to sell its German consumer finance business to Austrian bank BAWAG Group AG for a small premium to net assets, payable in cash, it said on Thursday, as the British lender aims to simplify its business. Barclays said the sale is expected to release about 4 billion euros 4.32 billion of […]
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