Why British Pound (GBP) fell 0.47% on August 3, 2026

British Pound (GBP) fell 0.47% on August 3, 2026 — UK manufacturing PMI misses, sterling pressured.

UK manufacturing PMI came in at 51.9 for July final, undershooting the 52.8 preliminary reading and signaling softer industrial expansion than expected.

A downside PMI miss trims near-term UK growth optimism and weakens the growth narrative the pound had been pricing in, creating downside pressure on sterling as rate-cut expectations may edge higher.

Within the Dollar Regime theme, this reflects broader uncertainty over global growth — the three-month dollar rally had stalled on peak Fed-rate expectations, and softer UK data reinforce that central banks face…

Strong services data or hawkish BoE commentary could offset the manufacturing disappointment and stabilize GBP.