UK Preliminary Services PMI dips to 52.8 in September vs. 53.5 expected

UK Services PMI ticks down to 52.8 in September, beats estimates.
Manufacturing PMI in the UK declines to 51.5 in September.
GBP/USD sticks to losses near 1.3250 after downbeat UK business PMIs.

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) eased from 52.5 in August to 51.5 in September. The market forecast was for a 52.3 reading.

Sep 23, 2024

United Kingdom S&P Global/CIPS Services PMI came in at 52.8, below expectations (53.5) in September

EUR/GBP falls to near 0.8350 following the PMI data from the UK, Eurozone

EUR/GBP extends its winning streak for the fourth successive day following the lower-than-expected Purchasing Managers Index (PMI) data from both the Eurozone and the United Kingdom (UK).