U.K Manufacturing PMI (May) 52.0 vs 52.5 Forecast , GBPUSD Slides !

forex man
forex man

The Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector.Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

The U.K Manufacturing PMI  rose from 51.8 to 52.0 in the previous month,  missing forecast at 52.5.

This development should keep GBPUSD under pressure , further decline is likely , eyes on 1.5217 first…

 

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