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UK July flash services PMI 51.5 vs 53.0 expected

UK July flash services PMI 51.5 vs 53.0 expected
Prior 53.7Manufacturing PMI 45.0 vs 46.1 expectedPrior 46.5Composite PMI 50.7 vs 52.4 expectedPrior 52.8That's another disappointing one, this time for the UK and the pound. The robustness in the services sector is waning fast and manufacturing continue to sit well in contraction territory. That is leading to just a marginal growth in July for the UK economy. GBP/USD is being dragged lower on the day from 1.2850 to a fresh session low of 1.2813 currently.Looking at the details of the report, new... Read More
Posted: Jul 24 2023, 08:30
Author Name: forexlive
Views: 080813

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