Sterling Nears 17-Month High Against Euro After Strong UK PMI
The UK composite PMI rose to 53.1 in October from 52.0 in September, above economists’ 52.7 forecast, as sterling climbed against the euro.
Sterling rises to a near 17-month high against the euro after a stronger-than-expected flash U.K. purchasing managers' index survey for October. The U.K. composite PMI rose to 53.1 in October from 52.0 in September, exceeding the 52.7 reading forecast by economists in a WSJ survey.
The data also sh…