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Sterling Slides as Manufacturing, Services PMIs Indicate Contraction

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jul 22, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The British pound has posted sharp losses on Friday and dipped below the 1.32 level. In the North American session, GBP/USD is trading slightly below the 1.32 level. The pair has weakened following soft PMI reports, with Manufacturing PMI coming in at 47.8 points, and Services PMI at 48.9 points.[​IMG]

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