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UK manufacturing PMI revised slightly lower- GBP/USD unmoved

Following the earlier manufacturing PMI revisions, from Spain, Italy, France and Germany, we have just had the equivalent from the UK and that was also revised lower, but only slightly. The UK Manufacturing PMI reading for May was revised to 51.2. The prior reading was 51.3, so as you can see not a great miss and also it is important to note; that unlike most of Europe (excluding Spain) the data is in expansionary territory. That is a positive, but it has so far not had any impact on the Pound versus the Dollar, or the Euro. The GBP/USD was trading at around 1.2715 ahead of the release and it is pretty much still there after it
 

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