Pound Spikes Up Ahead Of U.K. Composite PMI Data
05 October 2020 - 3:26PM
RTTF2
UK IHS Markit/CIPS composite PMI data is due at 4.30 am ET
Monday. The UK composite output index is forecast to fall to 55.7
in September, as initially estimated, from 59.1 in August.
Ahead of the data, the pound strengthened against its major
rivals. The pound was worth 1.2957 against the greenback, 136.93
against the yen, 1.1885 against the franc and 0.9062 against the
euro as of 4:25 am ET.
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