The British pound appreciated vis-Ã -vis the U.S. dollar today as cable tested offers around the US$ 1.5160 level and was supported around the $1.4980 level. Sterling was the main moved in the markets today, outperforming most other currencies. Data released in the U.K. saw April construction PMI improved to 38.1 CBI€™s quarterly survey of small and medium-sized enterprises€™ trends reported those firms experienced a decline in output and orders at the fast rate in two decades in the three months to April. Cable bids are cited around the US$ 1.4735 level. The euro moved lower vis-Ã -vis the British pound as the single currency tested bids around the ‚¤0.8825 level and was capped around the ‚¤0.8930 level.
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