Wed, 23 Aug 2023 11:46:35 GMT
GBP drops due to UK PMIs
The release of the United Kingdom's Manufacturing and Services sector Purchasing Managers Indices has caused a major decline of the Pound's value. The survey results were expected to be low. However, the actual results were far below the already pessimistic expectations.
On August 23, the data caused a decline, which pierced below a cluster of support levels near 1.2740. A