Decline of UK Service Industries Hurts Pound

Great Britain pound fell today as Services Purchasing Managers' Index fell in August, confirming a poor state of the British economy and reduce the attractiveness of the UK currency as a refuge from the problems in continental Europe . The services PMI fell from 55.4 in July to 51.1 in August, only slightly above the 50.0 level that indicates...

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Euro Sinks After Merkel’s Party Loses Election

The euro fell today, dropping for the fifth straight session against the U.S. dollar and the Japanese yen after the party lost the elections gobernante Germany. Cristiano German Chancellor Angela Merkel Democratic Union lost the elections in six German states. The election results now ignited fears that Germany will be even more instead...

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