Data now out and a small improvement on headline expectations

  • 53.3 prev
  • composite 55.4 vs 53.6 exp vd 53.3

Better composite expected really after the strong mftg reading

  • growth rate strengthens for first time in four months, but remains relatively subdued
  • new business expansion unchanged from September's 29-month low
  • employment rises at fastest pace since May

Cable a tad higher at 1.5428 but not racing anywhere in a hurry for the moment

EURGBP still clinging to 0.7080 after a small wobble to 0.7077

All a bit of an anti-climax to say the least

Full report from Markit here