Cable falls on weak U.K. manufacturing data

Source: Investing.com
© Scanpix/AFP
The Sterling depreciated versus the Greenback on Wednesday, following the issue of the U.K. manufacturing and industrial output reports that forced the investors to rethink their assessments as to when the BoE is going to tighten policy. GBP/USD dropped 0.23% and was trading down at 1.6848. The manufacturing output in the U.K. rose by only 0.3% in June, below projected 0.6%.

 

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