The FTSE 100 dropped 0.2% to 6,495.29, setting it on track for the lowest closing level since Dec. 17.It stayed lower after the CIPS/Markit purchasing managers’ index for the U.K. manufacturing sector fell to 56.7 in January from 57.2 in December, falling short of analysts’ expectations. A reading above 50 signals expansion, with the data suggesting continued improvement in the U.K. economy. Llyods banking group came in with a better set of numbers despite the larger provisions and it said it is on it way to declaring dividends soon.