United Kingdom Markit Manufacturing PMI below forecasts (53.6) in November: Actual (52.7)

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Dec 1, 2015

EUR/GBP buoyed by drop in German unemployment rate

The EUR/GBP clocked a fresh session high of 0.7026 after the German unemployment rate for November was reported lower at 6.3% from Sep’s 6.4%.

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Dec 1, 2015

The GBP/USD pair fell below 1.5087 (61.8% of Apr-Jun rally) after the gauge of manufacturing in the UK weakened more than expected.

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