Latest report from Markit economics pointing to sharp employment deterioration in UK's manufacturing sector. Sector is likely to shed jobs going ahead, putting dent over UK's manufacturing recovery.
- Latest PMI report showed, overall manufacturing expansion remained subdued in August in spite strong growth in consumer goods segment. Headline PMI dipped further to 51.5 in August from 51.9 in July, well below last 30 months average expansion.
- Strong growth in domestic market is providing the necessary support, while export orders are down thanks to stronger pound and economic slowdown in China.
However latest slowdown in manufacturing activity is unlikely to change outlook of rate hike from Bank of England (BOE) as UK's economy relies more on export of services than manufacturing and services sector remains major employment provider.
Nevertheless, stronger pound's impact on the sector would be considered by BOE officials and ways to mitigate further rise of Pound while BOE prepares to hike rates.
Pound is currently trading at 1.532 against Dollar.


Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K
India’s IT Sector Faces Sharp 2025 Valuation Reset as Mid-Caps Outshine Large Players
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves
U.S. Productivity Growth Widens Lead Over Other Advanced Economies, Says Goldman Sachs
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook
U.S. Black Friday Online Spending Surges to $8.6 Billion, Boosted by Mobile Shoppers
Bitcoin Smashes $93K as Institutions Pile In – $100K Next?
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 



