Following a week in which data pointed towards a slower rate of growth within the UK manufacturing and services industries, sterling had a steady day on Monday. With no major data releases, sterling began the day trading fairly flat against its major currency partners, although it improved steadily against the US dollar throughout the day. Today sees the release of manufacturing production figures and, with manufacturing activity having increased over the past six months, the trend is set to continue with an expected increase of 0.3%.
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