GBP Euro: Sterling falls 0.40 per cent as UK industry shows disappointing results

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THE pound kicked off this trading week on poor form, trading around lows of €1.1330 against the euro as investors responded to a surprisingly weak run of data from the UK’s manufacturing and construction sectors. UK manufacturing output fell by its largest margin in five-and-a-half years in April, whilst construction posted a similar smaller-then-expected climb, casting fresh doubts over the state of the British economy.
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