Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The typical/expected market impact of this event is low.
The consensus forecast for S&P Global/CIPS Services PMI is 50.2. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for S&P Global/CIPS Services PMI was 50.2 against a forecast of 50.
Recent economic data has been strongly bullish for GBP. Other recent announcements which may affect the market's interpretation of the next S&P Global/CIPS Services PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
Retail Sales (MoM) | Bullish change | 0.1% | 1.2% | ||
Retail Sales (YoY) | Bullish change | 2.6% | 5% | ||
Retail Sales ex-Fuel (MoM) | Bullish change | 0.2% | 1.3% | ||
Retail Sales ex-Fuel (YoY) | Bullish change | 2.6% | 5.3% | ||
GfK Consumer Confidence | Bullish change | -23 | -20 | ||
S&P Global Composite PMI | Bullish change | 48.5 | 49.4 | ||
S&P Global Manufacturing PMI | Bearish change | 45.4 | 45.1 | ||
Consumer Price Index (MoM) | Bullish change | 0.3% | 1.2% | ||
Consumer Price Index (YoY) | Bullish change | 2.6% | 3.5% | ||
Core Consumer Price Index (YoY) | Bullish change | 3.4% | 3.8% | ||
Retail Price Index (MoM) | Bullish change | 0.3% | 1.7% | ||
Retail Price Index (YoY) | Bullish change | 3.2% | 4.5% |
Country: | United Kingdom |
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Currency: | GBP |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |