The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell sharply from 50.3 in March to 48.7 in April, missing the estimated 50.3 reading.
UK Manufacturing PMI contracted to 48.7 in April, missing estimates of 50.3. Services PMI in the UK rose sharply to 54.9 in April. GBP/USD holds higher ground near 1.2370 after mixed UK business PMI s. The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index fell sharply from 50.3 in March to 48.7 in April, missing the estimated 50.3 reading. Meanwhile, the Preliminary UK Services Business Activity Index jumped to 54.9 in April, beating the marketconsensusof 53.0.
FX implications GBP/USDis extending the advance toward 1.2400 following the mixed UK PMI data. The pair is adding 0.28% on the day to trade at 1.2383, as of writing. Pound Sterling price today The table below shows the percentage change of Pound Sterling against listed major currencies today. Pound Sterling was the strongest against the New Zealand Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD -0.22% -0.25% -0.02% 0.00% 0.03% 0.14% -0.08% EUR 0.22% -0.02% 0.21% 0.24% 0.26% 0.38% 0.14% GBP 0.24% 0.
PMI Manufacturing Economicindicator GBPUSD
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