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Thomson Reuters
Aug 01 - 06:12 AM
GBP/USD - Reacts Calmly To Modest UK Manufacturing PMI Miss
First appeared on eFXplus on Aug 01 - 04:50 AM
  • GBP reacts calmly to slightly softer than expected UK July manufacturing PMI
  • 54.0 vs 54.2 f/c nL9N1FW02Y. BoE rate hike is still expected Thursday
  • GBP/USD rose from 1.3097 to 1.3125 then retreated to 1.3109 pre-UK mfg PMI
  • Modest intra-day range-to-date follows 84 pip range Tuesday nL1N1UR12D
  • US ADP jobs report, ISM manufacturing and construction spending data ahead
  • ADP f/c 186k. ISM mfg f/c 59.3. FOMC event risk 1800GMT nL4N1UR5U8

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