Grim PMIs knock euro, sterling to new lows as recession looms

The euro slipped 0.8% to $0.97510, its lowest level since October 2020, after S&P Global's flash euro zone Composite Purchasing Managers' Index (PMI), seen as a good gauge of overall economic health, fell further in September.

Grim PMIs knock euro, sterling to new lows as recession looms
The euro slipped 0.8% to $0.97510, its lowest level since October 2020, after S&P Global's flash euro zone Composite Purchasing Managers' Index (PMI), seen as a good gauge of overall economic health, fell further in September.