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BREKING: UK Manufacturing PMI slightly better than expected

10:36 AM 1 November 2022

Manufacturing PMI for October: 46.2 (first reading: 45.8). In September it was 48.4

The manufacturing sector is doing slightly better than preliminary expected but still the index level points to contraction of the UK economy. The reading today was still significantly below September levels. The pound is slightly higher on the news but we should know that the greenback is rather weak at the start of November, ahead of FOMC decision tommorow. 

Source: xStation5

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