GBP/USD: Recovery mode intact on 1.32 after UK Final Dec Manufacturing PMI disappoints with 47.5

The UK manufacturing sector activity contraction slowed a bit in the month of December, the final report from IHS Markit showed this Thursday. 

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher to 47.5 in December versus 47.6 expected and four-month lows of 47.4 – December’s first reading.

• UK Preliminary Manufacturing PMI unexpectedly drops to 47.4