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UK September Services PMI revised slightly lower- EUR/GBP still above 0.8400
The final revision to the UK September services sector PMI was expected to remain unchanged, at 52.8. It has actually been revised slightly lower, to 52.4. The Pound was already on session lows versus the Dollar and the Euro and this data has not given much of a reason for a rebound. The EUR/GBP had lifted back above 0.8400 following an update earlier noting how the BOE governor had completely dented the immediate prospect of further downside in the pair. It was trading above 0.8410 leading into this PMI data and so far it now not pared back any of that gain today. The EUR/GBP is currently trading at 0.8411
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