The GBP/USD currency pair is currently experiencing depreciation following the release of mixed data from the S&P Global/CIPS UK Manufacturing Purchasing Managers Index, also known as PMI. After peaking at 1.3468, marking its highest point since February 2022, the pair now trades around 1.3410 during European trading hours. This fall reflects market reactions to the latest economic data, which revealed both strength and weakness in the UK’s manufacturing sector. The mixed signals are causing uncertainty among traders, who are keenly observing further economic updates. As the market processes this information, fluctuations in the GBP/USD exchange rate are likely to continue. Traders must remain vigilant and ready to adapt to the economic climate.