The post UK Preliminary Services PMI edges lower to 51.2 in June vs. 53.0 expected appeared on BitcoinEthereumNews.com.

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…

---

Filed under: News - @ June 21, 2024 12:12 pm