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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 24/Mar 16:47

Mixed PMIs stir tariff jitters, eyes on UK inflation

The Pound Sterling trimmed some of its earlier gains versus the US dollar on Monday, starting the week on an upbeat mood after Flash PMIs in both sides of the Atlantic, came mixed. GBPUSD was trading at 1.2933, up 0.16%. The market mood improved as traders seemed relieved that the US would target certain countries with reciprocal tariffs. Data-wise, S&P Global revealed that manufacturing activity in the US deteriorated sharply, as depicted by the S&P Global Manufacturing PMI in March, which dipped from 52.7 to 49.8, below estimates for a 51.7 expansion. Contrarily, the S&P Services PMI expanded from 51.0

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