GBP/USD keeps the red around 1.2100 as UK Aug Manufacturing PMI hits seven-year lows

The UK manufacturing sector activity downturn deepened further in the month of August, the latest survey report from IHS Markit showed this Monday. 

The seasonally adjusted IHS Markit/CIPS UK Purchasing Managers’ Index (PMI) plunged to seven-year lows of 47.4 in August versus 48.4 expected and six-and-half-year lows of 48.0 seen in July.