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UK's PMI data optimistic again
UK's PMI data optimistic again

UK's PMI data optimistic again

The UK's composite PMI, released jointly yesterday by the Chartered Institute of Purchasing & Supply (CIPS) and S&P Global, fell in May to 54.

The UK's composite PMI, released jointly yesterday by the Chartered Institute of Purchasing & Supply (CIPS) and S&P Global, fell in May to 54. Nevertheless, that was slightly better than analysts had forecasted. Since January, the indicator has consistently remained above 50, a fact that will support the pound sterling.

GBP/USD

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