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Contrast In UK/US Economic Data Boosts GBP/USD Recovery

Discussion in 'Technical Analysis' started by Kaitlin, Sep 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    A trio of significantly better-than-expected purchasing managers' index (PMI) readings out of the UK late last week and on Monday came in quick succession. Manufacturing PMI for August came in at a 53.3 expansion level against prior expectations of a 49.1 contraction. Construction PMI was still in contraction at 49.2,[​IMG]

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