The British Pound strengthened against the Greenback, following the UK Manufacturing PMI data release on Tuesday. The GBP/USD currency pair lost 35 pips, or 0.25%, to continue fluctuating in the 1.3687 area.
The Markit released Manufacturing Purchasing Managers’ Index that came out lower-than-expected of 53.9, compared to the 55.1 in the previous period. The biggest reaction or downward movement was made on GBP/CAD currency pair by 0.27%.
“The headline PMI dipped to a 17-month low as growth of production, new business and employment all slowed,” said Rob Dobson, director at IHS Markit.
