GBP/USD stays below 1.23 after UK Sept Manufacturing PMI rebounds to 48.3

The UK manufacturing sector activity contraction unexpectedly slowed in the month of September, the latest survey report from IHS Markit showed this Tuesday. 

The seasonally adjusted IHS Markit/CIPS UK Purchasing Managers’ Index (PMI) jumped to four-month highs of 48.3 in September versus 47.0 expected and seven-year lows of 47.4 seen in August.