The manufacturing sector in the United Kingdom has demonstrated resilience in June, with the S&P Global/CIPS Manufacturing Purchasing Managers’ Index (PMI) exceeding expectations at 51.3. This slight improvement from the previous month’s reading of 51.4 indicates growth in the industry, despite concerns surrounding Brexit uncertainty and global trade tensions. In this analysis, we will explore the implications of the latest PMI data for the UK economy.
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Insights from the Editors
Gold Surges Towards $2,380 on Robust NFP Data
Gold prices exhibit a strong bullish trend, reaching close to the $2,380 mark following the release of the US labor market report for June. With the 10-year US Treasury bond yield in decline at 4.3%, XAU/USD gains momentum in response to this positive news.
Source: Gold News
