France S&P Global Manufacturing PMI comes in at 50 against 50 consensus

France’s S&P Global Manufacturing PMI for July 2026 printed at 50. This figure matched the market consensus of 50. The actual release showed no surprise against expectations. The previous month’s reading was 51.2.

Following the release, the Euro showed limited movement against major currencies in the initial 15 minutes. EURUSD traded up 3.2 pips, while EURJPY gained 5.5 pips. EURCHF moved down 3.7 pips. Other pairs like EURAUD, EURCAD, EURGBP, and EURNZD saw smaller movements, ranging from +0.5 to +1.8 pips. These initial movements are small when compared to the typical 1-hour median moves observed after past releases. For instance, EURUSD typically sees a median 1-hour move of 9 pips, and EURJPY typically sees 15 pips.