S&P Global/CIPS Manufacturing PMI comes in at 51.7 against 51.5 consensus
| Pair | Now | Since publish |
|---|---|---|
| GBPUSD | — | — |
The S&P Global/CIPS Manufacturing PMI for the UK was reported at 51.7. This figure came in above the consensus expectation of 51.5. The previous month’s reading was also 51.5. The actual print represented a 0.4% surprise compared to the consensus forecast.
Following the release, the British Pound showed varied movement against major currencies. Fifteen minutes after the data, GBPAUD was up 20 pips, and GBPNZD was up 26 pips. GBPCAD gained 6.5 pips, GBPJPY gained 4.8 pips, and GBPUSD gained 4.8 pips. GBPCHF was up 2.3 pips, while EURGBP was down 2.3 pips. For context, the median 1-hour move for GBPAUD after past releases has been 19 pips, and for GBPNZD, it has been 23 pips. The 15-minute moves for GBPCAD, GBPJPY, GBPCHF, GBPUSD, and EURGBP were smaller than their respective median 1-hour moves of 16 pips, 16 pips, 11 pips, 12 pips, and 8 pips.