The manufacturing index continues to look bright despite coming in less than expected today. Keeping in mind the sector is still approximately 10% smaller than before the financial crisis then the fact we have now witnessed our 9th consecutive month of expansion can only mean good things for the economy.
Last month's reading of 58.4 was the highest since Feb. 11, however this has since been revised to 58.1. The market consensus expected us to match this figure at around 58.0 but we came in less than expect at 57.30.
The Cable reacted with a 26 pip-range candle at the time of the release then proceeded to range sideways in a choppy fashion unable to decide if this figure was significant or not.
In the grand scheme of things this does little to effect the bullish structure and lust for GBP at present which is continuing to break to new highs and maintain bullish momentum.
So, in short, the market does not seem too bothered with the negative number so buying opportunities would still be the preference moving forward this week. 
Actual vs. Expected
To put this into perspective the chart below shows the actual vs market consensus. A positive reading is when actual came in higher than expected, therefore a negative reading denotes actual coming in less than expected. A quick glance also highlights how today's announcement should not have caused too much of a shock to the market when you consider we have witnessed readings up to -4.2 lower than expected. 
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