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LONDON (MarketWatch) -- A gauge of activity in the British manufacturing sector posted a large and unexpected fall in June, news reports said. A closely-watched purchasing managers index fell to 45.8, reports said, from a downwardly revised 49.5 in May. Consensus expectations were for a slight improvement to 49.8. A reading of more than 50 indicates expanding activity, while a reading of less than 50 indicates a contraction.