Market news
24.01.2025, 09:32

UK Preliminary Services PMI rises to 51.2 in January vs. 50.6 expected

  • UK Services PMI climbed to 51.2 in January, a positive surprise.
  • Manufacturing PMI in the UK jumped to 48.2 in January.
  • GBP/USD extends gains to near 1.2450 after UK business PMIs.

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) ticked higher to 48.2 in January from 47 in December. The data beat the market expectations of 47.1.

Meanwhile, the Preliminary UK Services Business Activity Index rose to 51.2 in January after recording 51.1 in December while coming in above the estimated 50.6 print.

FX implications

GBP/USD builds on the rebound to retest 1.2450 after the encouraging UK PMI data. The pair is adding 0.68% 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 US Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.83% -0.66% -0.40% -0.34% -0.62% -0.74% -0.43%
EUR 0.83%   0.17% 0.42% 0.50% 0.21% 0.09% 0.40%
GBP 0.66% -0.17%   0.27% 0.32% 0.04% -0.09% 0.22%
JPY 0.40% -0.42% -0.27%   0.05% -0.24% -0.36% -0.05%
CAD 0.34% -0.50% -0.32% -0.05%   -0.29% -0.41% -0.10%
AUD 0.62% -0.21% -0.04% 0.24% 0.29%   -0.12% 0.16%
NZD 0.74% -0.09% 0.09% 0.36% 0.41% 0.12%   0.30%
CHF 0.43% -0.40% -0.22% 0.05% 0.10% -0.16% -0.30%  

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).

 

© 2000-2025. 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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.

Feedback
Live Chat E-mail
Up
Choose your language / location
Click Subscribe to receive notifications about promotions and bonuses