Below Reuters consensus of 51.1 and the lowest since Dec 2010
New orders index fell sharply to 49.6 from 52.9 , also lowest since Dec 2010
Nov Composite PMI rises to 50.2 from 49.6 in October
More grim reading ahead of Osborne’s budget statement later today. Cable heading lower towards the 1.6100 on the weaker data after earlier highs of 1.6118
