Market Updates: UK Manufacturing PMI Jumped to 53.1 vs. 51.6 Forecast... - FX Leaders News

Market Updates: UK Manufacturing PMI Jumped to 53.1 vs. 51.6 Forecast…

Posted Monday, December 3, 2018 by
Arslan Butt • 1 min read

November saw a slight acceleration in the rate of improvement of UK manufacturing business conditions. The seasonally adjusted Markit Purchasing Managers’ Index (PMI) rose to 53.1, up from October’s 27-month low of 51.1.

However, the GBP/USD continues to trade near $1.2775, showing a muted reaction to the news.

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About the author

Arslan Butt is our Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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