On the news, the GBPUSD moved to its highest level of the day as it jumped 35 pips to a high of 1.4886. It has since traded back towards 1.4850, but remains well above its 1.4770 lows that were set earlier in the morning. The Pound strength contrasts to the EURUSD which hasn't found any support in the day and has traded back below 1.2700.
Looking ahead, Forex traders will be awaiting tomorrow's Bank of England Inflation Report and UK Claimant Change numbers. Today's much better than expected manufacturing results may bode well for a rosy Claimant number tomorrow.