The Great Britain pound fell today against the US dollar and the euro as the UK Purchasing Managers’ Index slid in March to the lowest level in five months.
The seasonally adjusted Markit/CIPS UK Manufacturing PMI fell to 57.1 in March from 60.9 in February. Only marginal decline to 60.7 was predicted by analysts. The report said that the incoming new orders rose at the weakest pace since last October.
GBP/USD opened at 1.6028, jumped to 1.6081, fell to 1.5972, and traded at 1.6020 as of 14:35 GMT today. EUR/GBP fell from 0.8832 to 0.8820.
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