UK Final Manufacturing PMI beats estimates with 58.9 in March, GBP/USD tests 1.3800

The UK manufacturing sector activity quickened its pace of expansion in the month of March, the final report from IHS Markit confirmed on Thursday. 

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher to 58.9 in March versus 57.9 expected and 57.9 first readout.

The figure hit the highest levels in over a decade amid the upward revision.

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