UK Preliminary Services PMI rises to 51.3 in June vs. 51.3 expected
Source Fxstreet
- UK Services PMI climbed to 51.3 in June, meeting expectations.
- Manufacturing PMI in the UK improved to 47.7 in June.
- GBP/USD holds minor losses below 1.3450 after UK business PMIs.
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) improved to 47.7 in June from 46.4 in May. The data better the market forecast of 46.6 in the reported period.
Meanwhile, the Preliminary UK Services Business Activity Index advanced to 51.3 in June versus May’s 50.9 while meeting the expected 51.3 figure.
FX implications
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