The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) improved sharply from 47.5 in February to 49.9 in March, above the estimated 47.8 reading.
UK Manufacturing PMI rose to 49.9 in March, beating estimates of 47.8. Services PMI in the UK unexpectedly dropped to 53.4 in March. GBP/USD stays offered near 1.2770 after mixed UK business PMIs. The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index improved sharply from 47.5 in February to 49.9 in March, above the estimated 47.8 reading. Meanwhile, the Preliminary UK Services Business Activity Index declined to 53.4 in March, missing the marketforecastof 53.8.
FX implications GBP/USDis consolidating the latest decline to near 1.2700 following the mixed UK PMI data. The pair is currently trading at 1.2776, down 0.05% so far. Pound Sterling price today The table below shows the percentage change of Pound Sterling against listed major currencies today. Pound Sterling was the weakest against the Australian Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.30% 0.17% 0.13% -0.14% 0.25% 0.06% 0.89% EUR -0.31% -0.13% -0.16% -0.45% -0.07% -0.23% 0.59% GBP -0.
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