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16 Dec 2024

UK Preliminary Services PMI rises to 51.4 in December vs. 51.0 expected

  • UK Services PMI edged higher to 51.4 in December, beat estimates.
  • Manufacturing PMI in the UK fell further to 47.3 in December.
  • GBP/USD extends gains above 1.2650 after UK business PMIs.

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) contracted further to 47.3 in December from 48.0 in November. The data missed the market consensus of 48.1

Dec 16, 2024

United Kingdom S&P Global/CIPS Manufacturing PMI came in at 47.3, below expectations (48.1) in December

United Kingdom S&P Global/CIPS Manufacturing PMI came in at 47.3, below expectations (48.1) in December
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Dec 16, 2024

EUR/USD: It’s Germany’s turn to vote – OCBC

Chancellor Scholz had called for a vote of confidence on Wed and the Bundestag will vote later today.
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