The Great Britain pound gained against its major peers today with the help of a good manufacturing report. It was the third consecutive day of gains for the currency against the euro and the Japanese yen.
The Markit/CIPS UK Manufacturing PMI increase to the three-month high of 52.9 in January from 52.1 in December. The actual reading was noticeably higher than the median forecast of 51.8.
The Bank of England is going to hold a policy meeting on Thursday, and it may have a big impact on the sterling.
GBP/USD rallied from 1.4249 to 1.4370 as of 17:22 GMT today. EUR/GBP dropped from 0.7603 to 0.7581.
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