European Session – Sterling continues rally to fresh highs after manufacturing PMI
Posted on July 1, 2014 at 1:37 pm GMTThe US dollar tried to stabilize following its recent losses as it was more or less constant against the euro and the yen. Euro / dollar was at 1.3682, little changed, as was dollar / yen at 101.47. However, the pound made a significant move as it climbed to 1.7144; a new 5 ½ year high against the US dollar, as UK Markit / CIPS manufacturing PMI rose to 57.5 – significantly better than economists’ expectations of 56.8. The previous [..]