Markit’s purchasing managers’ index for the manufacturing sector sits at 48.3 points in March. It was expected to rise from 47.9 to 48.9 points.
GBP/USD is now ticking lower within the range: it slid from 1.5235 to 1.5213 at the time of writing.
Manufacturing PMIs from the US, Italy, Switzerland and Spain disappointed, while Chinese manufacturing was OK in March according to Markit.
The services sector is the largest in the UK, and it remained in positive territory during February. The number for March is released later this week.
The Bank of England isn’t expected to change the monetary policy on Thursday.
For more events in this busy week, technical levels and analysis, see the GBPUSD weekly forecast.
