Latest data released by Markit - 1 June 2018
- Prior 53.9
That's a beat on expectations, and it's even better than the April print too. Sterling not doing too much though, with cable jumping from 1.3280 to 1.3291 at the moment.
Looking at the details, the boost comes from a boost in build-up of finished goods. According to the report, it's the biggest build-up in the history of the survey. Meanwhile, new business sentiment remains weak as it falls to an 11-month low. That makes the recovery a bit unconvincing to be honest.
Looks like the market is more focused on the macro themes that are going on, and with US non-farm payrolls in the picture the consolidative mood is so far continuing.
