Sterling Dips After Weak UK Business Activity, Retail Data
September 22, 2023
The British pound experienced a dip against both the dollar and the euro following disappointing business activity and retail data. A Purchasing Managers’ Index (PMI) survey revealed that UK companies faced a tougher September than anticipated, marking its lowest score since January 2021. Additionally, retail data showed a partial recovery in consumer spending for August, falling slightly short of economist forecasts, indicating a pattern of weak growth for the UK.
Recent News
Walgreens Is Cutting Prices on 1,300 Products for Its Summer of Savings
The drug store chain is joining other retailers in cutting prices to help weary shoppers.
Stop & Shop To Close ‘Underperforming’ Northeast Stores
The supermarket chain has not yet determined just how many stores will shutter.
2024 Chevrolet Equinox EV Specs
Chevrolet’s new electric compact crossover, the 2024 Equinox EV, is making its way into the EV market.
Taco Bell’s Giant Cheez-It Collaboration Goes Nationwide
Taco Bell is set to launch its highly anticipated oversized Cheez-It crackers nationwide on June 6.