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Monday, October 2, 2017

[FOREX NEWS] GBP/USD falls on weak UK manufacturing PMI

Markit’s manufacturing purchasing managers’ index dropped to 55.9 points in September. This is below 56.7 seen in August and 56.3 expected. GBP/USD was already sliding and extends its falls. The drop in the indicator may be related to the recent strengthening of the pound. The higher exchange rate makes manufactured goods less attractive. The UK [...]

The post GBP/USD falls on weak UK manufacturing PMI appeared first on Forex Crunch.



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