Wed, 07 Jan 2015 14:53:19 GMT
GBP/USD declines to a 17-month low on poor UK PMI
On Wednesday the Sterling slid to a new low for the past 17 months versus the US Dollar, as concerns over Greece exiting the Eurozone persisted along with poor UK data. GBP/USD hit 1.5115, the lowest since 2013, amid Yesterday's weak PMI data. UK PMI was lower than expected, dropped from 58.6 to 55.8, and met expectations that the Bank