The British Pound strengthened against the Greenback, following the UK Manufacturing PMI data release on Monday at 08:30 AM. The GBR/USD currency pair gained seven pips, or 0.05%, to continue fluctuating in the 1.3155 area.
The Markit released the monthly UK Purchasing Managers’ Index data that came out better-than-expected of 54.4, and stayed unchanged from the previous period.
Rob Dobson stands: “The slowdown in new order growth since earlier in the year has also left manufacturers increasingly reliant on backlogs of work and inventory building to maintain higher output.”
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