Sterling falls after IHS Markit's first "flash" version of its U.K. purchasing
managers' surveys showed a contraction in both services and manufacturing
activity in November. The manufacturing purchasing mangers' index fell to 48.3
in November from 49.6 in October, with a reading below 50 indicating a
contraction. The services PMI dropped to a 40-month low of 48.6 from 50.0, below
expectations for an unchanged reading. "With an upcoming general election adding
to Brexit-related uncertainty about the outlook, it's no surprise to see U.K.
businesses reporting falling output and orders in November," Markit's Chris
Williamson says. GBP/USD is last down 0.3% at 1.2874, down from 1.2899
beforehand. EUR/GBP is last up 0.3% at 0.8593, from 0.8571 beforehand.(
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