Currency Exchange Brisbane

GBP Reaches the Top of the Ten Months

04 Aug , 17 By account

British government make public that the PMI number of manufacturing industry in July is 55.1. The increase is better than France, Spain and Ireland. It is the second highest increase of export demand market in the past 20 years. It’s higher than 54.2 in June and 54.4 the market expected as well. HIS Markit indicate that the new British export business grows significantly. It means that the previously low price of GBP helps increasing the demands from overseas. The exchange rate of GBP to USD kept increasing on Wednesday. USD is getting lower to 92.99 because of President Donald Trump’s political dilemma. Yesterday, 92.78 made it the lowest number in the past two years.

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