S&P Global/CIPS Services PMI - ForexCracked
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United Kingdom

S&P Global/CIPS Services PMI GBP

Medium impact Updated after every release

What this release is

The S&P Global/CIPS Services PMI, published monthly by S&P Global and CIPS, assesses the health of the business services sector. This survey, with its official source website markiteconomics.com, provides an early indication of economic conditions within a significant part of the economy.

Forex traders monitor this release closely because the services sector represents a substantial portion of economic activity. Stronger readings often suggest robust economic growth and potential inflationary pressures, which can influence the Bank of England’s monetary policy decisions and, in turn, the valuation of the British Pound.

Market participants typically focus on the headline figure upon release. While revisions to prior months’ data can occur, the initial reading often drives immediate market reaction. This series has a typical impact rating of Medium on the GBP, reflecting its importance in economic analysis.

How hard it hits, measured

204 releases · own feed
Typical GBPUSD move
14pips / 1h
Median absolute move in the hour after the release
Big-release move
25pips / 1h
Top-quarter releases move at least this much
Largest measured
92pips
Biggest one-hour reaction in our archive
Direction reliability
n/a
Unlocks after 8 live-captured releases with consensus. Measured, never estimated
Pair5 min15 min1 hourBig release (1h)
GBPUSD6.0p8.3p14p25p
EURGBP3.4p4.4p7.2p15p
GBPAUD7.6p12p21p34p
GBPCAD6.7p8.6p17p28p
GBPCHF5.0p6.7p12p22p
GBPJPY8.0p10p18p32p
GBPNZD8.0p12p22p39p

How we measure: moves come from our own MT4 price feed and our archived minute bars, sampled 5, 15 and 60 minutes after each release against the pre-release price. No estimates, no third-party numbers. Releases where our feed had a gap are skipped, never guessed.

What usually happens

conditional history
Beat above consensus GBPUSD closed the hour higher in 22 of 39 cases · median +1.2p n=39 live
Miss below consensus GBPUSD closed the hour higher in 18 of 35 cases · median +2.0p n=35 live
In line within the surprise band GBPUSD closed the hour higher in 74 of 111 cases · median +4.8p n=111 live

These are counts of what happened after past releases, conditional on the surprise direction. They are history, not a forecast, and never a trade recommendation. Sample sizes are shown because small samples mislead; rows stay locked until the sample is honest.

Release history

accumulates every release
DateActualForecastPreviousRevised toGBPUSD 1h
Oct 5, 2026————+4.8p—
Sep 3, 202652.552.852.8—-6.3p—
Aug 21, 202652.851.852.1—+15p—
Aug 5, 202652.151.851.8—-2.4p—
Jul 24, 202651.85048.8—-13p—
Jul 3, 202648.848.748.7———
Jun 23, 202648.751.249.3—+2.0p—
Jun 3, 202649.347.947.9—-4.6p—
May 21, 202647.951.852.7—-3.2p—
May 6, 202652.75252—+23p—
Apr 23, 20265252.250.5—+13p—
Apr 7, 202650.551.251.2—+19p—
Mar 24, 202651.253.353.9—+10p—
Mar 4, 202653.953.953.9—+20p—
Feb 20, 202653.9—51.4—+2.5p—
Jan 6, 202651.4—52.151.3-12p—
Dec 16, 202552.151.251.351.3+13p—
Dec 3, 202551.350.550.5—+19p—
Nov 21, 202550.551.352.3—-33p—
Nov 5, 202552.351.151.1—-11p—
Oct 24, 202551.15150.8—+17p—
Oct 3, 202550.8—51.9—-14p—
Sep 23, 202551.951.354.2—-13p—
Sep 3, 202554.253.653.6—+16p—

Showing the latest 24 of 200 tracked releases.

Reaction = GBPUSD move 60 minutes after the release, measured from our own price history. Story links appear for releases our news desk covered; every release gets a row here whether or not it gets a story. Values from before our live tracking began are the current figures in the official statistical series, so they include later revisions; live rows record the number as printed.

Market statistics, not financial advice. All reaction figures are measured from our own price feed under our published methodology.
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