GBP/USD bulls move in from the lows of a significant daily drop GBPUSD Currencies DollarIndex BOE Fed
with traders focussing on British growth data and Bank of England speakers.
''However,'' they said, ''even this bad a monthly reading won't quite tip the UK into recession—for now at least. On a sectoral level, we look for a 0.5% fall in the services sector but think strong auto-production drove manufacturing output up 0.2% MoM .''Meanwhile, the Bank of England's Monetary Policy Committee member Catherine Mann on Monday spoke and was advocating for more hikes in the BoE's interest rates.
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