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Currencies – Services PMI Boosts Pound in Short-Term, Outlook Remains Negative

Posted on: July 5, 2011

The report about the UK Services PMI showed an unexpected growth, bolstering the Great Britain pound, but it can’t be considered completely positive as the data showed an underlying weakness of Britain’s economy. The Markit/CIPS UK Services PMI advanced from 53.8 in May to 53.9 in June, while

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