GBP gets a boost from PMIs

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At 08:30 GMT, S&P Global published its Purchasing Managers Indices for the United Kingdom. The survey results were better than expected, which caused a surge of the Pound against peer currencies.

A PMI is a diffusion index derived from a survey. In general, a reading below 50 is seen as bad. A reading above 50 is seen as good for the sector. However, what matters is what the actual data is, compared to the market consensus forecast.

Manufacturing PMI showed a reading of 52.5 instead of forecast 52.1. Meanwhile, the Services PMI was at 53.3 instead of expected 52.8.
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