France S&P Global Services PMI comes in at 49.6 against 49.8 consensus

The France S&P Global Services PMI for August 2026 was released at 49.6, falling below the consensus expectation of 49.8. This figure also marked a decline from the previous reading of 49.8, representing a -0.4% surprise against consensus.

Following the release, market reaction across major EUR pairs showed varied movement. EURAUD was down -5.9 pips 15 minutes after the release, while EURCAD was up +2.5 pips. EURCHF gained +4.4 pips, EURGBP was down -1.0 pips, and EURJPY was up +9.1 pips. EURNZD declined -6.5 pips, and EURUSD saw a +2.7 pip increase. These initial movements are generally small when compared to the median 1-hour moves observed after past releases, which typically range from 6 to 17 pips for these pairs.