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There's plenty of life left in the pound and we can expect new highs once the European summer is over; that's according to Stephen Pope, the MD of Spotlightideas. Sterling got a boost this Tuesday after much better than expected service PMI data. The Markit/CIPS Purchasing Managers' Index for services hit an eight month high,to 59.1. That's up from a 57.7% reading in June.
02:33 minutes
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