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Sterling rises, gilts fall after UK PMI data

03 Sep, 2012

 Sterling climbed 0.2 percent on the day to $1.5906 from $1.5868 before the data was released. The pound stalled just below resistance around the August 23 high of $1.5912.

The December gilt future pared gains by around 10 ticks after the data, and at 0832 GMT was 8 ticks up on the day at 121.03.

Copyright Reuters, 2012

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