2 September 2002, 15:20  UK data of no impact on the GBP

In the United-Kingdom, the CIPS manufacturing survey came out at 51 in August (vs. 48.9 in July). This had no major impact on the sterling. The cable was last at 1.5485 and EUR/GBP stands at 0.6340. Only another rise in EUR/USD could favour a further bounce in the cable while EUR/GBP's downside seems limited. ///www.idealforex.sg-ib.com

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