Latest data released by Markit - 1 February 2018
- Prior 56.3; revised to 56.2
A miss on the figures, and it's the lowest reading since June 2017.
It's barely putting a dent in cable, now down to 1.4261 - about a 5 pips reaction. But then again, it's manufacturing data - not the major point of the UK economy.
Markit attributed the drop to a slow down in growth of output and new orders. Full release can be found here.
Seeing more of a drop in cable now - down to 1.4254. While EUR/GBP is at 0.8730 now. A minor dip in the grand scheme of things.
Join the conversation in our new Telegram group.
