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UK Preliminary Services PMI improves to 51.1 in October vs. 51 expected
Source Fxstreet
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) rose to 49.6 in October from 46.2 in September. The data beat the expected 46.6 figure in the reported period.
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Disclaimer: For information purposes only. Past performance is not indicative of future results.
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
The United States (US) Bureau of Labor Statistics (BLS) will publish the all-important Consumer Price Index (CPI) data for August on Thursday at 12:30 GMT.
With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.