- Analytics
- News and Tools
- Market News
- UK Preliminary Services PMI jumps to 54.9 in April vs. 53.0 expected
UK Preliminary Services PMI jumps to 54.9 in April vs. 53.0 expected
- 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 PMIs.
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.
Meanwhile, the Preliminary UK Services Business Activity Index jumped to 54.9 in April, beating the market consensus of 53.0. The previous figure stood at 53.1.
Commenting on the flash PMI data, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “Early PMI survey data for April indicate that the UK economy's recovery from recession last year continued to gain momentum. ‘
“Improved growth in the service sector offset a renewed downturn in manufacturing to propel overall business growth to the fastest for nearly a year, indicating that GDP is rising at a quarterly rate of 0.4% after a 0.3% gain in the first quarter,” Chris added.
FX implications
GBP/USD is 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 (GBP) 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% | 0.02% | 0.22% | 0.16% | 0.27% | 0.38% | 0.17% | |
| CAD | 0.02% | -0.19% | -0.22% | 0.03% | 0.05% | 0.17% | -0.06% | |
| AUD | 0.00% | -0.23% | -0.18% | -0.04% | 0.03% | 0.14% | -0.10% | |
| JPY | -0.03% | -0.25% | -0.28% | -0.06% | 0.00% | 0.12% | -0.11% | |
| NZD | -0.14% | -0.37% | -0.39% | -0.17% | -0.13% | -0.11% | -0.23% | |
| CHF | 0.10% | -0.12% | -0.16% | 0.06% | 0.10% | 0.11% | 0.23% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
