News Headline Summary

UK Manufacturing PMI (Jan) M/M 50.8 vs. Exp. 51.0 (Prev. 51.4)

- Output PMI 54.2 - highest since September 2011.

Reaction details:

- In an immediate reaction, GBP/USD edged 7 pips lower from 1.5860 to 1.5853, Mar-Gilt futures unreactive, as was the Short-Sterling strip.
- 5 minutes following the data, GBP/USD has moved around 25 pips lower to 1.5835.

Print 09:28, 01 Feb 2013 - UK Data - Source: Newswires