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Pound US Dollar Exchange Rate Edges Higher following UK PMI data

November 6, 2024 – Written by John Cameron

The Pound US Dollar exchange rate gained ground on Tuesday following the publication of the UK’s latest PMI data.

At the time of writing, GBP/USD was trading at approximately $1.2985, up roughly 0.2% from the start of Tuesday’s session.

The Pound (GBP) rose against most currencies on Tuesday, bolstered by a better-than-expected domestic PMI report in the morning.

The final October index…
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