
- UK manufacturing output contracted by more than anticipated in December.
- Market players buy the Greenback as mounting uncertainty weighs.
- GBP/USD pressures fresh multi-month lows with a firmly bearish stance.
The US Dollar (USD) resumed its advance after the New Year holiday, challenging multi-month highs against European rivals in the American session. The GBP/USD pair traded as low as 1.2351, bouncing just modestly from the level as the dismal mood prevails.
The Pound Sterling (GBP) fell following the release of the December United Kingdom (UK) Manufacturing Purchasing Managers’ Index (PMI), as the final version resulted at 47, below the
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