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BREAKING: UK flash PMI data lower than expected. GBPUSD reacts to the news

9:31 AM 23 September 2024

UK PMI data came in lower than expected but remain in expansionary territory (above 50 points). Following the news, the GBP is appreciating against both the USD and EUR.

 

UK, flash PMIs for September

  • Manufacturing: 51.5 vs 52.2 expected (52.5 previously)
  • Services: 52.8 vs 53.5 expected (53.7 previously)
  • Composite: 52.9 vs 53.5 expected (53.8 previously)

 

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