Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The typical/expected impact on GBP pairs is high.
There is no forecast value for S&P Global/CIPS Composite PMI yet - check back for updates.
The most recent announced value for S&P Global/CIPS Composite PMI was 50.3 against a forecast of 49.4.
Recent economic data has been strongly bearish for GBP. Other recent announcements which may affect the market's interpretation of the next S&P Global/CIPS Composite PMI result:
Country: | United Kingdom |
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Currency: | GBP |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |