UK Final Manufacturing PMI beats estimates with 55.1 in Feb, GBP/USD off the lows

The UK manufacturing sector activity expanded at a faster pace than expected in the month of February, the final report from IHS Markit confirmed on Monday. 

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher to 55.1 in February versus 54.9 expected and 54.9 first readout.

more to come ...