S&P Global/CIPS Services PMI comes in at 52.8 against 51.8 consensus
| Pair | Now | Since publish |
|---|---|---|
| GBPUSD | — | — |
The S&P Global/CIPS Services PMI for the UK was released today, August 21, 2026, at 52.8. This figure came in above the consensus expectation of 51.8 and also surpassed the previous reading of 52.1. The actual print represented a 1.9% surprise relative to the market consensus.
Following the release, the British Pound saw varied reactions across major pairs within the first 15 minutes. GBPUSD gained 11 pips, while GBPCAD rose 9.1 pips. GBPAUD was up 5.2 pips, and GBPNZD saw a gain of 1.3 pips. Conversely, GBPJPY declined 3.7 pips, GBPCHF fell 0.9 pips, and EURGBP moved down 0.4 pips. Compared to historical data, where the median 1-hour moves are typically 14 pips for GBPUSD, 17 pips for GBPCAD, 21 pips for GBPAUD, 22 pips for GBPNZD, 18 pips for GBPJPY, 12 pips for GBPCHF, and 7 pips for EURGBP, the initial market reaction observed so far appears relatively muted for most pairs.