UK manufacturing and industrial production data came in ahead of expectations for May, with both figures a big beat on the forecasts of economists.
The number of Americans filing unemployment benefits unexpectedly plunged last week, to the lowest level since April, giving a hint that labour market started to recover amid a shaky global economy.
The Euro stopped its fluctuations around the 1.11 level against the US Dollar, as the EUR/USD pair moved lower on Tuesday, and it has remained almost unchanged since then.
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge. Because of that, even gold initially dropped slightly for one session after the Brexit, the bullion steadily surged for the past six trading sessions.
Good news from the American side, the services sector activity advanced during the previous month from lows where it had been settling during more than two years. Moreover, data managed to beat significantly consensus expectations.
Service-sector activity in the UK surprisingly decelerated in June, a private survey from Markit Economics reported. Markit's services purchasing managers' index released today fell to 52.3 in June from 53.5 in May.
The new orders for US manufactured goods declined 1.0% in May following a revised 1.8% advance during the previous month, being a slightly steeper decrease than the 0.8% consensus forecast.
Service-sector activity in the UK surprisingly decelerated in June, a private survey from Markit Economics reported. Markit's services purchasing managers' index released today fell to 52.3 in June from 53.5 in May.
The Euro stopped its fluctuations around the 1.11 level against the US Dollar, as the EUR/USD pair moved lower on Tuesday, and it continues this movement on Wednesday morning
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge.
The Euro continues to fluctuate around the level of 1.11 against the US Dollar with the start of a new week, as the shock from the Brexit results has calmed, but uncertainty still remains about the future.
Factories across the US reported on a strong jump in production during June, being spurred by a accelerated foreign demand for US goods.
June was the worst month in seven years period for the Britain's builders since construction PMI entered a contraction territory, being affected by uncertainty over the results of the EU membership referendum.
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge.
The Euro continues to fluctuate around the level of 1.11 against the US Dollar with the start of a new week, as the shock from the Brexit results has calmed, but uncertainty still remains about the future.
Factories across the US reported on a strong jump in production during June, being spurred by a accelerated foreign demand for US goods.
The UK PMI manufacturing index expanded at the fastest pace in five months in June before results of the Brexit referendum which showed that biggest part of Britons voted to leave the European Union.
The number of Americans filing for unemployment benefits rose last week, but remained below a level associated with a healthy labour market.
UK economy slowed in the first quarter, dragged down by weaker business investment and a growing trade deficit. Meanwhile, the current account deficit narrowed less than expected at the start of this year.
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge.
For the past few days the Euro has been fluctuating around the level of 1.11 against the US Dollar, as the shock from the Brexit results calmed, but uncertainty still remains about the future.
According to the official data, the US consumer spending and core PCE prices advanced in line with economists' expectations in May.
U.K. mortgage approvals rose and house prices continued their steady advance in the weeks before the country's vote on its European Union membership. UK mortgage approvals for house purchases increased to 67,042 for May from 66,205 for April and were also higher than expected figure of around 65,000 for the month.
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Although, the UK referendum has created more issues than solutions,