It's becoming a tradition. Yet again, the British manufacturing sector disappointed and dropped to 51.3 points. Growth is grinding down to a halt. Early expectations stood on a small rise to 52.2 points. GBP/USD is losing ground quickly. GBP/USD is now at around 1.6000, down from 1.6070 before the release. It is still holding on to minor support at 1.60. Note that the move began a little before the official release. Leaks are quite common with these releases, but the downwards move continues also afterwards. At the beginning of 2011, the manufacturing sector was the locomotive of the economy, with purchasing ... (full story)