9:34 AM · 24 July 2024

BREAKING: UK flash PMI data slightly higher than expected

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UK Composite PMI Flash for July: 52.7 (Forecast 52.6, Previous 52.3)

Manufacturing PMI: 51.8 (Forecast 51, Previous 50.9)
Services PMI: 52.4 (Forecast 52.5, Previous 52.1)

Due to only slightly higher than expected UK reading, a reaction in EURGBP pair is very small.

Source: xStation5

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BoE keeps rates unchanged and issues a dovish statement, thereby weakening the GBP⬇️

Economic reports

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