Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Webinar: Live coverage of March UK Manufacturing PMI

Webinar: Live coverage of March UK Manufacturing PMI

Nick Cawley, Senior Strategist

Talking Points

- Sterling gives back some of last week’s gains after weak manufacturing data.

- UK Manufacturing drops for the third month but remains above long-term average

- See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for next week on the DailyFX Webinar Calendar.

The UK Markit Manufacturing PMI fell for the third consecutive month in March to 54.2 from a downwardly revised 54.5 in February, although the index remained above the long-term average of 51.6.

According to Markit, the manufacturing sector is now on course to contribute less to economic growth in the first quarter compared to the strong 1.3% increase in production seen in the final quarter of last year.

“However, thanks to a strong January, the first quarter could still see reasonable growth of approximately 0.6-7%.”

While today’s numbers are disappointing, the dominant UK services sector report is set for release on Wednesday and will show a clearer picture on the current state of the UK economy.

GBP fell against both USD and EUR on the miss, giving back some of last week’s gains.

Chart: GBPUSD Five-Minute Timeframe (April 3, 2017).

Chart by IG

--- Written by Nick Cawley, Analyst

To contact Nick, email him at

Don't trade FX but want to learn more? Read the DailyFX Trading Guides

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.