UK Preliminary Services PMI rises to 51.3 in June vs. 51.3 expected

UK Services PMI climbed to 51.3 in June, meeting expectations.
Manufacturing PMI in the UK improved to 47.7 in June.
GBP/USD holds minor losses below 1.3450 after UK business PMIs.

Dhwani Mehta FXStreet

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) improved to 47.7 in June from 46.4 in May. The data better the market forecast of 46.6 in the reported period.

Meanwhile, the Preliminary UK Services Business Activity Index advanced to 51.3 in June versus May’s 50.9 while meeting the expected 51.3 figure.

FX implications

Mixed UK PMIs fail to lift the sentiment around the Pound Sterling, as GBP/USD loses 0.09% on the day at 1.3437, 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 Euro.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.32%	-0.26%	0.44%	0.08%	0.16%	0.40%	-0.01%
EUR	0.32%		0.04%	0.81%	0.41%	0.44%	0.74%	0.28%
GBP	0.26%	-0.04%		0.81%	0.37%	0.40%	0.70%	0.24%
JPY	-0.44%	-0.81%	-0.81%		-0.37%	-0.31%	0.03%	-0.53%
CAD	-0.08%	-0.41%	-0.37%	0.37%		0.12%	0.32%	-0.13%
AUD	-0.16%	-0.44%	-0.40%	0.31%	-0.12%		0.27%	-0.17%
NZD	-0.40%	-0.74%	-0.70%	-0.03%	-0.32%	-0.27%		-0.45%
CHF	0.01%	-0.28%	-0.24%	0.53%	0.13%	0.17%	0.45%

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.

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