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British Pound Breaking News: GBP/USD Indifferent After PMI Miss

January 24, 2022

Via: DailyFX

After a poor showing on the services front since late October last year due to COVID-19 restrictions around the Omicron variant, PMI’s have extended their decline across the board (see calendar below). Both manufacturing and services have come short reflecting the knock-on effect from Omicron and its associated restrictive measures. This being said, a print above 50 keeps both sectors in expansionary territory.

CABLE FUNDAMENTAL BACKDROP

The pound has been grappling with many moving parts of recent including:

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