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This afternoon, the Markit Mfg PMI came out weaker at 55.4 versus forecast of 57.2 and lower than previous month of 57.2.

FireShot Screen Capture #091 - ' - fddb65e3f7734f7489a302482e5a00bf' - www_markiteconomics_com_Survey_PressRelease_mvc_fddb65e3f7734f7489a302482e5a00bf

What is comforting is that the manufacturing PMI has been posting above 50 levels since this year.  However, I believe the market will still take the lower PMI negatively.

So I decided to do a quick trade by shorting the GBPUSD at 1.6865 and squared at 1.6835 for a trading profit of 30bps or 3%.

 

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