UK PMI

Pound Sterling exchange rates fell widely in midweek trade after respondents to S&P Global surveys cited high interest rates and other headwinds for an August softening of business conditions in the services industry underpinning the domestic economy with possible implications for Bank of England (BoE) interest rate policy.  

The UK economy shrunk in November according to the latest S&P Global PMI readings, however business expectations for the year ahead rebounded from a 30-month low.

The latest round of S&P Global PMI Surveys of manufacturing and services sectors suggested on Friday that UK and Eurozone economies may already have entered recession in the third quarter of the year if analyst and economist readings of the data are anything to by. 

The UK economy expanded in August, according to a much-watched survey of activity.

The UK economy continued to expand in July, according to a much watched survey.

The UK economy continued to grow in June with PMI survey data coming in stronger than expected.

Pound Sterling sunk like a stone following the release of PMI data that suggests the UK economy was close to contracting in May and conditions are deteriorating faster than was the case during the pandemic.

A slew of negative data readings has sent the British Pound sharply lower against the Euro and Dollar.

The UK economy continued to show a healthy rate of expansion in March, according to the latest S&P Global PMI report.

The UK's economic rebound accelerated faster than expected in February, according to a leading survey which noted "a swift rebound in UK economic conditions".

Staff absences due to the UK's fourth Covid wave meant businesses struggled in January, according to a regular monthly survey that also showed inflationary pressures continue to build.

A regular survey of UK economic activity revealed UK businesses saw slowing activity in December as concerns over the spread of the Omicron variant and associated business restrictions emerged.

A monthly survey of UK business conditions from IHS Markit encouraged expectations for a rate hike at the Bank of England in December, which should in turn keep the Pound relatively well supported.

The British Pound held recent gains following PMI data that pointed to a strengthening UK economy.

UK economic growth slipped to its weakest level in seven months, although the rate of job creation remains elevated according to the September PMI series from IHS Markit.

The British Pound started the new week in decidedly mixed fashion amidst signs that the country's economic rebound slowed in August.

The UK economy is still growing at a health clip, but that rate of growth has slowed more sharply than investors had expected according to new data.

The rapid UK economic rebound might be tapering off according to a much watched data release, but signs of growing demand for workers should ensure the Pound remains well supported.

The UK economic rebound is well underway according to a survey of UK businesses during March which showed employment was on the rise but so too were inflationary pressures.

The UK economy is springing back to life and creating more jobs for the first time since February, according to PMI data for March.