GBP/USD SLUMPS TO FRESH MULTI-DECADE LOWS BELOW 1.1050

GBP/USD SLUMPS TO FRESH MULTI-DECADE LOWS BELOW 1.1050

☆ GBP/USD is down over 300 pips on the day.

☆ The risk-averse market environment provides a boost to the greenback.

☆ Disappointing data releases from the UK weigh heavily on GBP.

☆ UK manufacturing and services activity falls to 20-month low

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