The Great Britain pound weakened today as a report showed that industrial order expectations fell this month, confirming that the UK economy continues to remain weak.
Confederation of British Industry reported that factory orders declined from -15 in March to -25 in April. Analysts have expected the gauge to stay little-changed at -14. The data added to concerns about Britain’s economic health, hurting the sterling. Right now, the currency is attempting to rebound, but remains far from the opening level.
GBP/USD traded at 1.5256 as of 11:33 GMT today after falling from 1.5289 to 1.5195. GBP/JPY went down from 151.71 to 150.55.
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