Technical Analysis

UK December manufacturing PMI 54.2 vs 52.5 anticipated

Newest knowledge launched by Markit – 2 January 2019

Prior 53.1; revised to 53.6

An honest beat right here as the brand new orders sub-index hit its highest stage since February. Markit notes that that is helped by stockpiling forward of a doubtlessly disruptive Brexit (not a everlasting or lasting increase issue).

The pound is not producing a lot buzz from the discharge right here with GBP/USD transferring from 1.2705 to 1.2713 at the moment. As talked about earlier than, financial knowledge at this juncture could be very a lot secondary. It is nonetheless all concerning the Brexit rhetoric for the pound now.

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