Pound Falls Ahead Of U.K. Factory PMI
March 01 2020 - 11:28PM
RTTF2
At 4.30 am ET Monday, final PMI and mortgage approvals figures
are due from the UK. Economists expect the final factory PMI score
to match the flash estimate of 51.9 in February. The number of
mortgage approvals is forecast to rise to 68,000 in January from
67,200 in December.
Ahead of the data, the pound dropped against its major rivals.
The pound was worth 1.2764 against the greenback, 137.81 against
the yen, 1.2762 against the franc and 0.8678 against the euro as of
4:25 am ET.
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