business activity in the region fell back into contraction<\/a>.<\/p>\nThe Eurozone composite PMI fell to 49.5 in May from 50.4, below expectations of 50.3. The service sector PMI fell to 48.9 from 50.1, which had been the sector driving growth.<\/p>\n
The Trump trade tariffs appear to be hurting sentiment.<\/p>\n
The pound is rising despite mixed PMI data. The services PMI recovered into growth in May, rising to 50.2 up from 49 in April.<\/p>\n
However, manufacturing PMI contracted further to 45.1.<\/p>\n
Tomorrow UK retail sales data will be released.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rising after 3 days of losses. The euro is under pressure after business activity in the region fell back into contraction. The Eurozone composite PMI fell to 49.5 in May from 50.4, below expectations of 50.3. The service sector PMI fell to 48.9 from 50.1, which had been […]<\/p>\n","protected":false},"author":163946597,"featured_media":5408,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394,2410],"class_list":{"0":"post-119276","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"tag-eur-gbp","11":"tag-gbp","12":"tag-gbp-eur"},"acf":[],"yoast_head":"\n
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