UK Preliminary Services PMI contracts to 48.9 in April vs. 51.3 expected
- UK Services PMI dipped to 48.9 in April, missing expectations.
- Manufacturing PMI in the UK unexpectedly declined to 44 in April.
- GBP/USD posts moderate losses below 1.3300 after UK business PMIs.
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) eased to 44 in April from 44.9 in March. The data matched the market consensus of 44 in the reported period.
Meanwhile, the Preliminary UK Services Business Activity Index contracted to 48.9 in April versus March’s 52.5 while coming in below the 51.3 expected figure.
FX implications
GBP/USD keeps the offered tone intact below 1.3300 after the mixed UK PMI data. The pair is down 0.27% on the day, as of writing.
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.20% | 0.27% | 0.13% | 0.04% | -0.77% | -0.30% | 0.31% | |
| EUR | -0.20% | 0.05% | -0.10% | -0.18% | -0.92% | -0.52% | 0.10% | |
| GBP | -0.27% | -0.05% | -0.13% | -0.23% | -0.98% | -0.57% | 0.07% | |
| JPY | -0.13% | 0.10% | 0.13% | -0.10% | -0.80% | -0.46% | 0.20% | |
| CAD | -0.04% | 0.18% | 0.23% | 0.10% | -0.70% | -0.31% | 0.30% | |
| AUD | 0.77% | 0.92% | 0.98% | 0.80% | 0.70% | 0.43% | 1.03% | |
| NZD | 0.30% | 0.52% | 0.57% | 0.46% | 0.31% | -0.43% | 0.64% | |
| CHF | -0.31% | -0.10% | -0.07% | -0.20% | -0.30% | -1.03% | -0.64% |
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).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
