Latest PMI reading now out
- 55.2 prev revised down from 55.5
Not the most important of UK PMI data but markets will trade any scraps right now and it's def a sector that needs to see growth if UK recovery is sustainable
Not good news therefore and we see cable back down to test 1.5090 support areas. EURGBP ran into offers above 0.7030 as per my order board post and now 0.7023
Says Markit in its opening remarks:
The UK manufacturing sector maintained its positive start to the final quarter, with November seeing growth ease only moderately from the recent peak attained in the prior survey month. However, the expansion remained firmly centred on large companies, as the trend at SMEs stayed lacklustre in comparison.
Full report here
