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23 Nov 2023
UK Preliminary Services PMI returns to expansion with 50.5 in November
- UK Manufacturing PMI rose to 46.7 in November, above expectations of 45.0.
- Services PMI in the UK jumped to 50.5 in November, a big beat.
- GBP/USD rallied hard on strong UK business PMIs but quickly pared back gains.
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) rose to 46.7 in November versus the 45.0 expected and, 44.8 - October’s final print.
more to come ...