UK service economy »

  • H.S. Borji

    The US dollar advanced against a basket of currencies Thursday, as US employers added more than 200,000 workers for the fifth consecutive month and the unemployment rate fell to a nearly six-year low. The US dollar index, a broad performance measure of the greenback’s strength against six commonly traded peers, advanced 0.31 percent to 80.20.

  • The British pound held on to its five-year high against the US dollar after positive services data raised speculation the Bank of England could raise interest rates early next year. The UK service economy expanded sharply in April, with employment rising in line with the positive growth outlook, Markit Group reported Tuesday. Since that release,

  • The US dollar suffered a broad setback Tuesday, as European and North American rivals continued to pull ahead following the release of key data. The US dollar index, a weighted average of the greenback’s performance versus six major currencies, fell 0.45 percent to 79.13, a six-and-a-half-month low. The dollar received temporary reprieve on Friday when

  • The UK service economy continued to expand strongly in February, with business confidence rising to multi-year highs. Markit Group’s gauge of UK service activity rose from 58 to 58.2, narrowly exceeding forecasts. UK services PMI has been above the 50 level that separates expansion from contraction for 14 consecutive months. Service activity was bolstered by

  • New business activity helped the UK service economy accelerate at the fastest pace in more than 16 years, according to Markit Group. The October PMI reading of 62.5 exceeded forecasts, which called for a slight drop-off in service activity over the previous month. British employers increased payrolls to account for incoming new business, which grew