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.”

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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