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Cable Holds Above 1.40 After PMI Miss

UK Services PMI for March missed expectations, falling to 51.7 and marking the weakest rise for 20-months amid disruptions due to snow and bad weather. The Purchasing Managers’ Index (PMI) is a measure of the economic health of the manufacturing sector. After four days of gains, Cable (GBP/USD) slipped modestly in reaction to the news. Price […]

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