Story perspectives
Euro Struggles as US PMIs Drop, UK Growth Slows
9/24/2025
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Story summary
- The euro remains pressured above $1.18 as US PMIs undershot expectations and the dollar index firmed.
- UK private-sector activity slowed, with the composite PMI at a four-month low.
- The Bank of England faces fiscal concerns amid gilt-market volatility in long-dated bonds.
- Fed Chair Jerome Powell remains cautious on rate cuts.
- Governor Stephen Miran advocates a substantial reduction.
