The pound US dollar exchange rate held steady today, with the pairing currently trading around $1.295 after October’s US ISM Manufacturing PMI fell below forecasts and remained mired in contraction territory at 48.3. Trade tensions and a slowing global economy are being blamed for the slowdown in American factory output.
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Pound US dollar (GBP/USD) exchange rate steady as US manufacturing suffers in October
![Pound US dollar (GBP/USD) exchange rate steady as US manufacturing suffers in October]()
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01 November
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