Euro Falls on Weak Retail Sales and Troubles in Eastern Europe, Pound Up on Better Services PMI

Euro Falls on Weak Retail Sales and Troubles in Eastern Europe, Pound Up on Better Services PMI

  • Posted Thursday, February 05, 2009 -
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UK Consumer Confidence Declines Again We begin in the UK, where consumer confidence, as measured by Nationwide, fell further in January, ticking down to 40 from 48 in December. Consumers remain concerned about the economic downturn and the situation in the labor market. Both the present and future expectations sub-gauges declined. UK Services PMI Surprises Forecasts on the Upside In a second release from the UK, activity in the services sector contracted yet again, but the pace of contractionview original article