- Analytics
- News and Tools
- Market News
- UK Preliminary Services PMI edges lower to 51.2 in June vs. 53.0 expected
UK Preliminary Services PMI edges lower to 51.2 in June vs. 53.0 expected
- UK Services PMI unexpectedly declines to 51.2 in June.
- Manufacturing PMI in the UK rises to 51.4 in June.
- GBP/USD holds lower ground near 1.2650 after mixed UK business PMIs.
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) increased from 51.2 in May to 51.4 in June, beating the market consensus of 51.3.
Meanwhile, the Preliminary UK Services Business Activity Index fell to 51.2 in June, missing the market consensus of 53.0. The previous figure stood at 52.9.
Commenting on the flash PMI data, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “Flash PMI survey data for June signal a slowing in the pace of economic growth, indicating that GDP is now growing at a sluggish quarterly rate of just over 0.1%.”
“The slowdown in part reflects uncertainty around the business environment in the lead-up to the general election, with many firms seeing a hiatus in decision-making pending clarity on various policies,” Chris added.
FX implications
GBP/USD remains on the back foot near 1.2650 after mixed UK PMI data. The pair is trading flat on the day, as of writing.
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Euro.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.14% | 0.06% | -0.11% | 0.01% | 0.00% | -0.10% | -0.01% | |
| EUR | -0.14% | -0.09% | -0.22% | -0.13% | -0.10% | -0.24% | -0.16% | |
| GBP | -0.06% | 0.09% | -0.16% | -0.02% | -0.02% | -0.17% | -0.05% | |
| JPY | 0.11% | 0.22% | 0.16% | 0.12% | 0.12% | -0.00% | 0.13% | |
| CAD | -0.01% | 0.13% | 0.02% | -0.12% | -0.02% | -0.13% | -0.01% | |
| AUD | -0.01% | 0.10% | 0.02% | -0.12% | 0.02% | -0.16% | -0.02% | |
| NZD | 0.10% | 0.24% | 0.17% | 0.00% | 0.13% | 0.16% | 0.11% | |
| CHF | 0.00% | 0.16% | 0.05% | -0.13% | 0.01% | 0.02% | -0.11% |
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 British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (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
