The Markit released UK Manufacturing PMI data that came out better than expected of 53.1, compare to forecasted 51.6.
Rob Dobson, director at IHS Markit said, "While demand from the domestic market was a positive spur, in some cases as clients built up stocks in response to Brexit and other supply-chain uncertainties, manufacturers also reported a further decrease in new export business as slower global economic growth and Brexit worries took a bite out of foreign demand".
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| Historical Data Table: Manufacturing PMI | Economic Calendar for 04.12.2018 | ||||||||
| Date | 02.07.2018 | 03.09.2018 | 01.10.2018 | 01.11.2018 | 03.12.2018 | 9:15 AM | UK BOE Gov Carney Speaks | ||
| Actual | 54.4 | 52.8 | 53.8 | 51.1 | 53.1 | 9:30 AM | UK Construction PMI | ||
| Forecast | 54.1 | 53.9 | 52.6 | 53 | 51.6 | 18:00 PM | UK MPC Member Vlieghe Speaks | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.278 | 1.27818 | 0.01% | GBP/USD | 68.68% | 31.32% | |||
| EUR/GBP | 0.88894 | 0.88894 | 0.00% | EUR/GBP | 25.15% | 74.85% | |||
| GBP/CAD | 1.68394 | 1.68366 | -0.02% | GBP/CAD | 73.38% | 26.62% | |||
| GBP/JPY | 145.011 | 144.991 | -0.01% | GBP/JPY | 58.96% | 41.04% | |||