UK Preliminary Services PMI leaps to 53.6 in August vs. 51.8 expected
- UK Services PMI jumped to 53.6 in August, a positive surprise.
- Manufacturing PMI in the UK ticked down to 47.3 in August.
- GBP/USD jumps toward 1.3500 after UK business PMIs.
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) declined to 57.3 in August from 48 in July. The data missed the anticipated 48.3 print in the reported period.
Meanwhile, the Preliminary UK Services Business Activity Index unexpectedly jumped to 53.6 in August versus July’s 51.8 while coming in above the market forecast of 51.8.
FX implications
The Pound Sterling picks up fresh bids on an upside surprise in the UK Services PMI, as GBP/USD adds 0.08% on the day to 1.3466, as of writing.
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.05% | -0.09% | 0.18% | 0.02% | 0.10% | -0.06% | 0.13% | |
| EUR | 0.05% | -0.05% | 0.19% | 0.06% | 0.22% | 0.04% | 0.17% | |
| GBP | 0.09% | 0.05% | 0.24% | 0.12% | 0.28% | 0.09% | 0.23% | |
| JPY | -0.18% | -0.19% | -0.24% | -0.15% | -0.05% | -0.18% | 0.01% | |
| CAD | -0.02% | -0.06% | -0.12% | 0.15% | 0.05% | -0.09% | 0.10% | |
| AUD | -0.10% | -0.22% | -0.28% | 0.05% | -0.05% | -0.10% | 0.04% | |
| NZD | 0.06% | -0.04% | -0.09% | 0.18% | 0.09% | 0.10% | 0.14% | |
| CHF | -0.13% | -0.17% | -0.23% | -0.01% | -0.10% | -0.04% | -0.14% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
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