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British Pound Remains Under Pressure Ahead

British Pound Remains Under Pressure Ahead of BOE Rate Cut as UK Construction PMI Falls to Record LowThe British pound initially eased back on the release of UK construction activity figures, but subsequently bounced back amidst broad US dollar weakness.Focusing on the data on hand, construction PMI plummeted to 31.8 in November from 35.1, signaling the worst contraction in business activity since... [read more]


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