The pound has slumped against the US dollar this morning, taking the pairing to $1.213. Sterling broadly declined on Monday despite data revealing UK business activity growth rose to a nine-month high. In July there was a solid rebound in new work which led to higher levels of business activity.
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Pound US Dollar exchange rate slumps despite UK business activity rising to 9-month high
![Pound US Dollar exchange rate slumps despite UK business activity rising to 9-month high]()
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05 August
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