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  • Renewed service sector growth helps to stabilise UK economy, but prices charged inflation accelerates in November

    From pmi.spglobal.com

    November data indicated a stabilisation of UK private sector output, following marginal reductions in each of the previous three months. This was supported by a return to business activity expansion in the service economy, alongside a softer downturn in manufacturing production. However, total new order intakes decreased for the fifth month running, which suggested that subdued underlying demand conditions persisted. There were renewed signs of sticky inflation in November as both input costs and average prices charged increased at faster rates than in October. Service providers reported the sharpest rise in their ... (full story)

That was some spike on that news. OMG (:
Great news for the pound and a great match with technical. I think big buy GBP/JPY.
Quoting Ftmofx
Great news for the pound and a great match with technical. I think big buy GBP/JPY.
Would be thinking the same thing if there is some kind of pull back. That being said; Japan CPI is out tomorrow so I might just be waiting for that.
Quoting Niru
{quote} Would be thinking the same thing if there is some kind of pull back. That being said; Japan CPI is out tomorrow so I might just be waiting for that.
Yes pullback to GBY/JPY 187.220, Then a bullish rally for a long
A smoke screen, from the blaze set alight by Hunt's Autumn 'false statement'.

The thin vail of wool will soon disintegrate from the heat, just no one in the media has bothered to look into the facts, commercial interests are only perpetuating the lies.

Hunt would like it very much if UK citizens spend all what they have, and borrow what they can, before the truth gets out.

Inflation has not halved, growth is not on the return, and no one in government is doing anything to fix the real issues.
Break the cake
Sell the dollar buy the eur.
Quoting Ferna
{quote} Yeah def always sneaky stuff with this Hunt guy.. ever since the times he raided NHS. CNBC now explains the tax cuts which Jeremy Hunt announced will actually lead to more tax income because more people move up a tax bracket and therefore have to pay more taxes. CNBC explains better what i mean : https://www.cnbc.com/2023/11/23/why-...worse-off.html
Tax increase would be good for GU, if it were spent on reducing national debt, but peoples pockets are getting picked apart, which is going drag heavily on growth... but the true extent of fiscal drag my not be exposed until after a General Election.

Whilst Hunt can make statistics to mean anything. In vivo; mortgage crisis pending; wage spiral onset (wages increasing faster than the rate of inflation); owner occupied housing costs on the up (where avg debt already exceeds avg earnings), state pension on the up (ahead of inflation), energy prices on the up again, insurance on the up, stealth taxes persist...

... all whilst Rishi and Hunt continue to lie to peoples faces, in the House of Commons, whilst their actions show their focus is actually on getting large public sector contracts in place that further their personal interests.
Break the cake
Just a smoking screen prelude to a general election in the coming months, not end of next year! Likely Jan if the emergency legislation of 7th Jan is pushed thru.

Anything new for corrupted politicians trying to cling on to power?
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