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UK manufacturing PMI index revised lower- FTSE 100 still holding gains

The revision to the UK PMI reading on manufacturing has just been released. That was previously gauged at 50.3 in October. It has just been revised lower, to 49.9 which means it has slipped back into contractionary territory (anything below 50), which is not great news, albeit by the slimmest of margins. The Pound has not moved on this report though, but the FTSE 100 is not necessarily going to take this lying down. We shall see on that. So, far today the index has been pressing higher and lifted above 8,150. It is not far removed from that level, but in truth, given the immediate back drop this report is not particularly welcome news. 
 

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