Latest data released by Markit - 2 January 2019
- Prior 52.6
That's the lowest print since August 2016 as easing growth in output and new work weighed on the report here. This basically rounds off a rather disappointing year of manufacturing growth after the strong start to 2018.
The worry here is that the growth slowdown in the manufacturing sector starts slipping into contraction territory (below 50.0), like we saw in Italy. EUR/USD erases gains on the day to trade at 1.1458 currently. EUR/GBP very much range-bound at 0.8995 at the moment.
