Sterling dips as manufacturing PMI misses forecast

LONDON, Dec 1 (Reuters) - Sterling fell back from its highest in almost a week on Tuesday after a survey of manufacturing purchasing managers was read as giving some sign the pound's relative strength against the euro may be dampening otherwise robust growth.

The survey showed manufacturing growth above lacklustre rates seen earlier in the year as export orders overall picked up, but it slowed last month from the rapid pace recorded in October and was below the consensus of Reuters polling.

Sterling, up almost 0.4 percent at $1.5101 before the data, fell back to $1.5083 afterwards. It (Other OTC: ITGL - news) was flat against the euro for the day at 70.22 pence.

Gilts and London's stock market were broadly unmoved by the numbers. (Reporting by Patrick Graham and Anirban Nag)