EMU: PMI Manufacturing returns to expansion in July

Eurozone PMI Manufacturing rose to 50.3 points in July, from 48.8 points in June, according to data released today by Markit. Analysts expected less increase to 50.1 points.
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EUR/GBP offered to 0.8726 low

EUR/GBP has shed around 30 pips so far in Europe.
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