What is it? It checks the level of an index based on questioning purchasing managers in the manufacturing industry.
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.
Usual Effect: If the actual number is bigger than the forecast, you can expect the GBP to rise.
When? Today (1.10) at 4:30am Eastern Time.
Trading Tip: It's a good time to trade the GBP as it will be affected by this announcements.
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