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GBP drops on account of UK PMI

Tue, 24 Might 2022 10:24:16 GMT

Supply: Dukascopy Financial institution SA

On Tuesday, at 08:30 GMT, the GBP/USD plummeted due to the publication of the Markit Flash Manufacturing and Companies Buying Managers Index survey outcomes. The Pound misplaced worth as a result of revelation that the Companies PMI was at 51.eight as a substitute of the forecast 56.9.

The GBP/USD reacted to the information by dropping 103 base factors or 0.82%.

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