UK CIPS/Markit March manufacturing PMI was certainly a surprise, coming in at 39.1 versus 34.9 in February and some way above the median market forecast of 35.0. UK March new orders index came in at 39.0 versus 33.5 in February, the highest since August 2008.
Good golly miss molly, who would have thunk it, some UK data which surprises to the upside. Cable has extended its rally in the wake of the news, popping to a 1.4408 session high.
