UK Final Manufacturing PMI beats estimates with 60.9 in April, GBP/USD stays below 1.3900

The expansion of the UK manufacturing sector activity accelerated near to the highest pace on record last month, the final report from IHS Markit confirmed on Tuesday. 

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher to 60.9 in April versus 60.7 expected and 60.7 first estimate.

Key points              

Production and new order growth strengthen.

Output prices rise at record pace.