United Kingdom’s purchaser manager’s index declined to 49.5 in September from 49.7 in August, amid expectations for a 50.2 advancement. With the result below 50, executives of manufacturing companies have a less favorable outlook for business in the U.K. In the near term, the U.K. is likely to extend programs such as its car scrapping program (buy backs of cars and van’s), and keep interest rates low in order to advocate consumer spending which has recently been subdued due to future economic uncertainty. On the other hand, the pound rallied against dollar as investors expect Federal Reserve Chairman, Ben Bernanke to announce a negative outlook for the U.S. economy later today, while the IMF raised its outlook for the country.