Latest data released by Markit - 1 March 2018
- Prior 55.3
A slight beat on estimates, but it's lower compared to prior reading. The headline figure is actually an eight-month low.
According to Markit, manufacturing production increased at the slowest pace for 11 months in February, with decelerations seen across the consumer, intermediate and investment goods sectors.
The full report can be found here.
As mentioned in the calendar preview, not a major data point as the UK economy is more services sector-focused.
Cable at 1.3758, little changed. EUR/GBP near the lows at 0.8858 as the euro is a little lower. GBP/JPY at 146.91, little changed as well.
