Sterling falls on Manufacturing PMI release

Thursday, 1 September 2011 12:06

Great British Pound spirals downwards after the reports of the Manufacturing PMI were released. 

Streling dropped from 1.6230 against the U.S Dollar to a new session low of 1.6208; currently the pair is trading a little higher at 1.6212.

The manufacturing PMI news declined from 49.4 in July to 49.0 in August; while economists expected a release of 48.9.