UK Manufacturing PMI

UK Manufacturing PMI

In the environment of uncertainties related to the Brexit negotiations, the pound needs support from other sources. PMI is a leading indicator of the economic health. A positive reading of this indicator can be an encouraging factor for the UK currency. If the actual figures turn out to be better than the forecast ones, the GBP will strengthen its positions versus the USD and the EUR. The index will be published at 11:30 MT time ion March 1.
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Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

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