The Markit released UK Manufacturing PMI data that came out lower than expected of 51.1, compare to forecasted 53.0.
"October saw a worrying turnaround in the performance of the UK manufacturing sector. At current levels, the survey indicates that factory output could contract in the fourth quarter, dropping by 0.2%," said Rob Dobson, director at survey compiler Markit.
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| Historical Data Table: Manufacturing PMI | Economic Calendar for 01.11.2018 | ||||||||
| Date | 01.05.2018 | 02.07.2018 | 03.09.2018 | 01.10.2018 | 01.11.2018 | 12:00 PM | UK BOE official bank rates | ||
| Actual | 54.4 | 54.4 | 52.8 | 53.8 | 51.1 | 14:30 PM | UK BOE Gov Carney Speaks | ||
| Forecast | 53.5 | 54.1 | 53.9 | 52.6 | 53 | 14:00 PM | US ISM Manufacturing PMI | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.28838 | 1.28889 | 0.04% | GBP/USD | 62.16% | 37.84% | |||
| EUR/GBP | 0.88272 | 0.88253 | -0.02% | EUR/GBP | 37.50% | 62.50% | |||
| GBP/CAD | 1.6887 | 1.68932 | 0.04% | GBP/CAD | 66.95% | 33.05% | |||
| GBP/JPY | 145.494 | 145.624 | 0.09% | GBP/JPY | 51.24% | 48.76% | |||