Cable weaker on post-UK data

Source: FXstreet
© ScanPix/AFP
The Sterling dropped versus the US Dollar on Tuesday after the release of worse-than-expected manufacturing data from the UK. The GBP/USD was trading 0.09% lower at $1.5325 by 08:50 AM GMT, after falling from the session high at $1.5407. Meanwhile, the manufacturing activity in the UK slowed down in August, as the PMI measure showed the contraction to 51.5, down from last month's reading of 51.9.
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