GBP/USD: Cable raises against the greenback after good data

Market news

1 November 2014

GBP/USD: Cable raises against the greenback after good data

The British pound rose against the U.S. dollar after the release of an upbeat Purchasing Manager Index for Manufacturing reading 53.5 at a four-month high beating forecast by 0.4 and increasing 0.3 from last months data.

GBP/USD: currently trading at USD1.5717

Schedule for today, Monday, Nov 3’2014:

United Kingdom: PMI construction contracted more than predicted

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