The pound-euro (GBP/EUR) exchange rate is rising, but it is off the session’s high.
The euro is weaker but has recovered from its low amid signs that the French government may have averted collapse, at least for now.
Still, eurozone manufacturing PMI data showed that the sector’s recession continues and shows no signs of letting up.
The pound was rising against the EUR but fell against the USD as UK manufacturing activity fell to a 9-month low. The manufacturing PMI dropped to 48 in November, down from 49.9 in October.
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