S&P Global/CIPS Composite PMI comes in at 52.5, matching previous

The S&P Global/CIPS Composite PMI for the UK was released today at 52.5. This figure matches the previous reading of 52.5. No consensus figure was available for this release.

Following the release, the British Pound showed varied movement against major currencies. Fifteen minutes after the data, EURGBP was up 2.1 pips, while GBPAUD was down 6.6 pips. GBPCAD saw a decline of 1.7 pips. GBPCHF was down 1.1 pips, and GBPJPY fell by 14 pips. GBPNZD was up 1.4 pips, and GBPUSD was down 0.6 pips. These initial movements are generally small when compared to the typical 1-hour median moves observed after past S&P Global/CIPS Composite PMI releases. For instance, EURGBP typically sees a median 1-hour move of 7 pips, GBPAUD 20 pips, GBPCAD 16 pips, GBPCHF 11 pips, GBPJPY 17 pips, GBPNZD 21 pips, and GBPUSD 12 pips.