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Realistbear

Pound Drops On Worst Manufacturing Figures Since August

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http://freeserve.advfn.com/news_Forex---Eu...s_14868744.html

The pound, meanwhile, edged lower after the UK equivalent of the
manufacturing PMI disappointed. The manufacturing sector purchasing managers'
index from the Chartered Institute of Purchasing and Supply fell to 50.8 in
March from a downwardly revised 51.5 in February.
The latest reading is the
lowest since August 2005.
"Coming on the heels of much better than expected manufacturing numbers from
Germany and France, this shortfall in March is particularly noteworthy and will
pile more downward pressure on the pound, which was already on the retreat ahead
of the release," said Daragh Maher at CALYON.

With more downward pressure on the pound coming from the EU its TTRTRates or see the pound tank and put up the price of imported fuel--oh oh. :o

Pound already down a cent against the US $ this morning!

Edited by Realistbear

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The chart looks interesting. You can draw an almost perfect line accross the peaks of the last year. Is there anyone here good at TA who can give us a prediction?

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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