Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP 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 52 against a forecast of 51.7.
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 | ||||
|---|---|---|---|---|---|
| Average Earnings Excluding Bonus (3Mo/Yr) | Bullish change | 3.6% | 3.7% | ||
| Average Earnings Including Bonus (3Mo/Yr) | Bearish change | 3.9% | 3.7% | ||
| Claimant Count Change | Bearish change | 7K | 30.3K | ||
| Claimant Count Rate | (no change) | 4.4% | 4.4% | ||
| Employment Change (3M) | Bullish change | 67K | 102K | ||
| ILO Unemployment Rate (3M) | Bullish change | 4.9% | 4.7% | ||
| Gross Domestic Product (MoM) | Bearish change | 0.4% | 0.1% | ||
| Industrial Production (MoM) | Bullish change | 0.3% | 0.8% | ||
| Manufacturing Production (MoM) | Bullish change | 1% | 1.2% | ||
| BRC Like-For-Like Retail Sales (YoY) | Bullish change | 0.5% | 1% |
| Country: | United Kingdom |
|---|---|
| Currency: | GBP |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |