Markit’s purchasing managers’ index for the manufacturing sector was expected to tick up to 54.5 points in March from 54.1 in February. This is the first of a series of 3 PMIs for the United Kingdom.
GBP/USD traded around 1.4820 towards the publication and remains around these levels afterwards. Update: the pair is now falling below 1.38, but this seems to be related to a stronger dollar across the board.
Read the rest of the article UK Manufacturing PMI hits 54.4 – within expectations – GBP/USD falls