The Great Britain pound slipped today as the unexpected drop of the UK manufacturing PMI caused investors to trim their bet on an increase of interest rates by Britain’s central bank.
The UK Manufacturing Purchasing Managers’ Index dropped from 52.0 in May to 51.3 in June. Traders hoped for an increase to 52.2. The report also said that growth of employment was slowest in nine months.
GBP/USD dropped from 1.6053 to 1.6032 today as of 10:03 GMT after posing the intraday high of 1.6094 and the intraday low of 1.5987.
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