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UK Manufacturing PMI beats expectations with 51.9, GBP/USD extends recovery

-- more to come

Markit's Manufacturing Purchasing Managers' Index was expected to drop from 50 – the break-even level 0 to 49.7 points. The Services PMI was projected to slide from 53.9 to 53.4 points. Both indicators rose in January in response to better business sentiment after the elections. The landslide victory of Prime Minister Boris Johnson provided some clarity after substantial Brexit turbulence. 

GBP/USD advanced ahead of the publication and topped 1.29. The US dollar is taking a breather from its gains. 

Coronavirus headlines continue worrying investors all over the world. 

United Kingdom Markit Services PMI below expectations (53.4) in February: Actual (53.3)

United Kingdom Markit Services PMI below expectations (53.4) in February: Actual (53.3)
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India: Growth recovered in Q3 – Standard Chartered

India will release GDP data for Q3-FY20 (ended December 2019) and the second advance estimate for FY20 growth on 28 February. Analysts at Standard Cha
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