Soft UK Manufacturing PMI pressures the Sterling

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 1, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Sterling bears were installed with inspiration following Tuesday’s soft UK manufacturing PMI of 52.7 which signaled a slowdown in Britain’s manufacturing sector in the month of November. The GBP weakened across the board as today’s data added to renewed concerns over the potential slowdown in economic momentum in the UK economy. Whilst the pound continues to face punishment from the Bank of England’s clear reluctance to begin raising UK interest rates, the stagnant inflation growth which has

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