RealNews

Pound slips against major rivals, hits record low against euro

The pound remained broadly weaker after a drop in the UK manufacturing PMI Wednesday. The figure for December dropped to 52.9 from November’s 54.3. The decline was steeper than anticipated, as analysts polled expected the main measure to ease to 53.8, and reminded investors that the Bank of England may yet opt for a back-to-back rate cut at next week’s meeting. Full Story

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