Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The typical/expected market impact of this event is low.
The consensus forecast for S&P Global/CIPS Services PMI is 51.2. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for S&P Global/CIPS Services PMI was 51.2 against a forecast of 50.6.
Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next S&P Global/CIPS Services PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
S&P Global/CIPS Composite PMI | Bullish change | 50.4 | 50.9 | ||
S&P Global/CIPS Manufacturing PMI | Bullish change | 47 | 48.2 | ||
GfK Consumer Confidence | Bearish change | -17 | -22 | ||
Average Earnings Excluding Bonus (3Mo/Yr) | Bullish change | 5.2% | 5.6% | ||
Average Earnings Including Bonus (3Mo/Yr) | Bullish change | 5.2% | 5.6% | ||
Claimant Count Change | Bearish change | -25.1K | 0.7K | ||
Claimant Count Rate | (no change) | 4.6% | 4.6% | ||
Employment Change (3M) | Bearish change | 173K | 35K | ||
ILO Unemployment Rate (3M) | Bearish change | 4.3% | 4.4% | ||
Retail Sales (MoM) | Bearish change | 0.1% | -0.3% | ||
Retail Sales (YoY) | Bullish change | 0% | 3.6% | ||
Retail Sales ex-Fuel (MoM) | Bearish change | 0.1% | -0.6% | ||
Retail Sales ex-Fuel (YoY) | Bullish change | -0.5% | 2.9% | ||
Gross Domestic Product (MoM) | Bullish change | -0.1% | 0.1% | ||
Industrial Production (MoM) | Bullish change | -0.6% | -0.4% | ||
Manufacturing Production (MoM) | Bullish change | -0.6% | -0.3% |
Country: | United Kingdom |
---|---|
Currency: | GBP |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |