Pound US dollar exchange rate steady, UK manufacturing PMI contracts in November



The pound US dollar exchange rate is holding steady today, with the pairing currently trading around $1.293 after November’s UK Markit manufacturing PMI contracted for its seventh month in a row. Rob Dobson, a director at IHS Markit, commented: “November saw UK manufacturers squeezed between a rock and hard place, as the uncertainty created by a further delay to Brexit was accompanied by growing paralysis ahead of the forthcoming general election.”

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