UK Preliminary Services PMI unexpectedly rises to 51.1 in February vs. 50.8 expected
- UK Services PMI rose slightly to 51.1 in February, a positive surprise.
- Manufacturing PMI in the UK unexpectedly declined to 46.4 in February.
- GBP/USD holds lower ground near 1.2650 after UK business PMIs.
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) unexpectedly declined to 46.4 in February from 48.3 in January. The data missed the market expectations of 48.4 in the reported period.
Meanwhile, the Preliminary UK Services Business Activity Index improved to 51.1 in February versus January’s 50.9 while coming in above the estimated 50.8 reading.
FX implications
GBP/USD holds lower ground near 1.2650 after the mixed UK PMI data. The pair is down 0.09% 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 US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.24% | 0.15% | 0.45% | 0.15% | 0.27% | 0.13% | 0.06% | |
| EUR | -0.24% | -0.10% | 0.20% | -0.10% | 0.03% | -0.12% | -0.19% | |
| GBP | -0.15% | 0.10% | 0.32% | -0.00% | 0.13% | -0.01% | -0.10% | |
| JPY | -0.45% | -0.20% | -0.32% | -0.28% | -0.16% | -0.32% | -0.39% | |
| CAD | -0.15% | 0.10% | 0.00% | 0.28% | 0.11% | -0.02% | -0.10% | |
| AUD | -0.27% | -0.03% | -0.13% | 0.16% | -0.11% | -0.15% | -0.23% | |
| NZD | -0.13% | 0.12% | 0.00% | 0.32% | 0.02% | 0.15% | -0.08% | |
| CHF | -0.06% | 0.19% | 0.10% | 0.39% | 0.10% | 0.23% | 0.08% |
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.
