U.K: Manufacturing PMI remains in contraction area…

Monday, 2 July 2012 09:12

As Markit informed today Manufacturing PMI in U.K. increased to 48.6 in June, which is higher than 46.7 forecasted.
Reading of May was revised today to 45.9 points and although purchasing managers index increased more than analysts had estimated, manufacturing activity still remained in contraction area for the next successive month.
The couple GBP/USD was traded at 1.5679 after Markit released the data.