British Pound (GBP)

The Pound declined against the Dollar after Manufacturing PMI in the UK  unexpectedly contracted, adding to concern the recession has further to  run. The Pound also traded near the lowest level since June against the  Euro after an announcement from the BOE that said consumers repaid debt  by the most on record in July. Overall GBP/USD traded with a low of  1.611 and with a high of 1.6373. Today, PMI is expected at 48.1 vs. 47  previously.