The euro rose for a third consecutive day. The gains were mostly due to a weaker dollar. Economic data from the eurozone was weaker as well.
IHS Markit’s services PMI fell to 51.6 for the eurozone. Regional services activity all came out lower for Germany and France as well.
Meanwhile, retail sales grew 0.3% on the month, matching estimates.
UK Services PMI Falls Below 50
The services activity in the United Kingdom contracted fell below the 50-level of the index. The declines in the services sector mark a second consecutive month.
Markit’s services PMI for the UK came in at 49.5 in September compared to 50.6 in August. The data underlined the recession risks in the UK.
On the Brexit front, the European Union raised grave concerns on the latest Brexit plans.
