UK Preliminary Manufacturing PMI misses estimates with 56.3 in Sept

• UK Manufacturing PMI misses estimates with 56.3 in September.
• Services PMI in the UK drops to 54.6 in Sept, a miss. 
• GBP/USD holds above 1.3650 on poor UK PMIs.

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell to 56.3 in September versus 59.0 expected and 60.3 – August’s final reading.

The gauge fell to the lowest levels in seven months.

Meanwhile, the Preliminary UK Services Business Activity Index for September eased 54.6 to versus August’s final readout of 55.0 and 55.0 expected. The index also reaches seven-month lows.