UK Manufactures Something Positive!

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In the UK, yesterday’s upbeat manufacturing data has revived hopes that the economy may avoid slipping into a recession and has kept calls for an imminent increase in asset purchases by the BoE at bay. Underpinning the positive sentiment, data just out indicates that construction sector activity expanded at a faster than expected pace for March. Across the Atlantic, robust ISM manufacturing data supported the risk sentiment yesterday. With little to offer in term of European data today, market participants await the minutes of the Federal Reserve’s last monetary policy meeting, which is expected to be a key determinant for risk sentiment in this trading session.

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UK Manufactures Something Positive!

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