The pound stayed higher against the euro even as an industry report showed Britain’s manufacturing industry unexpectedly slumped this month.
Britain’s currency strengthened 0.6 percent against the euro to 80.93 pence at 11:06 a.m. London time and was 0.2 percent higher at $1.5982.
A gauge of factory orders dropped to minus 23 in October from minus 8 in September, the Confederation of British Industry said in a report in London today. The median of 11 analysts’ forecasts in a Bloomberg News survey was for an increase to minus 6.
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