UK Preliminary Manufacturing PMI drops to 60.4 in July, a big miss

• UK Manufacturing PMI misses estimates with 60.4 in July.
• Services PMI in the UK drops to 57.8 in July, a big miss. 
• GBP/USD remains in daily lows below 1.3750 on downbeat UK PMIs.

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) eased to in July versus 62.5 expected and 63.9 – June’s final reading.

more to come ...