Pound bumps higher on reassuring UK factory data - Reuters

in dlike •  3 months ago 

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Sterling rose against both the dollar and euro on Friday after British factories reported the fastest rise in output for 10 months in February, assuaging some fears over the economy as Britain prepares for trade talks with the EU.

‘Flash' early readings of the IHS Markit/CIPS UK Purchasing Managers' Index (PMI) showed the expansion of Britain's vast services sector slowed slightly this month, but this was cancelled out by an unexpected upturn in manufacturing.


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