Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for S&P Global/CIPS Manufacturing PMI was 51.4 against a forecast of 51.1.
Recent economic data has been moderately bearish for GBP. Other recent announcements which may affect the market's interpretation of the next S&P Global/CIPS Manufacturing PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| S&P Global Composite PMI | Bearish change | 53.7 | 51 | ||
| S&P Global Services PMI | Bearish change | 53.9 | 51.2 | ||
| BoE MPC Vote Rate Cut | Bullish change | 4 | 0 | ||
| BoE MPC Vote Rate Hike | (no change) | 0 | 0 | ||
| Average Earnings Excluding Bonus (3Mo/Yr) | Bearish change | 4.1% | 3.8% | ||
| Average Earnings Including Bonus (3Mo/Yr) | Bearish change | 4.2% | 3.9% | ||
| Claimant Count Change | Bearish change | 4.7K | 24.7K | ||
| Claimant Count Rate | Bearish change | 4.3% | 4.4% | ||
| Employment Change (3M) | Bullish change | 52K | 84K | ||
| ILO Unemployment Rate (3M) | (no change) | 5.2% | 5.2% | ||
| Consumer Inflation Expectations | Bearish change | 3.5% | 3.2% | ||
| Gross Domestic Product (MoM) | Bearish change | 0.1% | 0% | ||
| Industrial Production (MoM) | Bullish change | -0.9% | -0.1% | ||
| Manufacturing Production (MoM) | Bullish change | -0.5% | 0.1% |
| Country: | United Kingdom |
|---|---|
| Currency: | GBP |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |