ForexLive European FX news wrap: Dollar falls amid better risk appetite, PBOC cuts RRR ...Middle East

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ForexLive European FX news wrap: Dollar falls amid better risk appetite, PBOC cuts RRR
Headlines:Cable extends gains as UK PMI reaffirms economic resilienceLower yields add to the drag in the dollar so far todayPBOC to cut reserve requirement ratio from 5 FebruaryFrance January flash services PMI 45.0 vs 46.0 expectedGermany January flash manufacturing PMI 45.4 vs 43.7 expectedEurozone January flash services PMI 48.4 vs 49.0 expectedUK January flash services PMI 53.8 vs 53.2 expectedUK January CBI trends total orders -30 vs -23 expectedUS MBA mortgage applications w.e. 19 January +3.7% vs +10.4% priorGerman economy to take a further knock on China struggles - BundesbankIfo slashes Germany 2024 growth forecast to 0.7% from 0.9% previouslyMarkets:JPY leads, USD lags on the dayEu

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