Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
The typical/expected impact on GBP pairs is high.
There is no forecast value for S&P Global/CIPS Composite PMI yet - check back for updates.
The most recent announced value for S&P Global/CIPS Composite PMI was 50.6 against a forecast of 50.9.
Recent economic data has been moderately bullish for GBP. Other recent announcements which may affect the market's interpretation of the next S&P Global/CIPS Composite PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
Gross Domestic Product (MoM) | Bullish change | 0.1% | 0.4% | ||
Gross Domestic Product (QoQ) | Bullish change | 0% | 0.1% | ||
Gross Domestic Product (YoY) | Bullish change | 1% | 1.4% | ||
Industrial Production (MoM) | Bullish change | -0.5% | 0.5% | ||
Manufacturing Production (MoM) | Bullish change | -0.3% | 0.7% | ||
BRC Like-For-Like Retail Sales (YoY) | Bearish change | 3.1% | 2.5% | ||
BoE MPC Vote Rate Cut | Bearish change | 3 | 9 | ||
BoE MPC Vote Rate Hike | (no change) | 0 | 0 |
Country: | United Kingdom |
---|---|
Currency: | GBP |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |