Manufacturing PMI

Pound Sterling is seen in familiar ranges against major competitors, but the release of U.K. Manufacturing PMI could finally inject some movement into the market.

Tuesday’s data comes ahead of similar surveys of the construction and services industries, as well as an eagerly awaited monetary policy announcement from the Bank of England Thursday, which could see UK interest rates rise for the first time in a decade. 

Monday’s data comes at the beginning of a week that is heavy in both political and economic news, with the Conservative Party conference and more PMI numbers set to dominate the agenda. 

The UK’s manufacturing sector continues along a path of growth according to fresh data amidst a welcome and perhaps long-overdue uptick in export activity.

A blow for Pound Sterling at the start of the new month with the first major economic data release disappointing against expectations.

Pound Sterling was seen edging higher off morning lows following the release of manufacturing figures from IHS Markit and the CIPS.

A major barometer of Manufacturing activity in the UK, the Purchasing Manager Index, showed a marked gain on Tuesday after it rose to a three-year high of 57.3 in April from 54.2 in the month before.

There was a sudden slip in the value of the British Pound on the morning of April 3 as economic data out of the UK economy disappointed.

UK manufacturers have reported a bumper start to 2017 with data from IHS Markit and the CIPS confirming their much-watchedManufacturing PMI stands at 55.9 in January.

The British Pound Sterling faces its first set of data releases of 2017 this week with the release of the IHS Markit / CIPS PMI series.

Services PMI data released on Monday November 5 caps the strong start to the month for UK Economy and ensures 2016 will end on a positive note.

A weaker Pound Sterling has helped UK manufacturers increase business levels despite uncertainty surrounding Brexit.

FTSE 100 higher on weaker Pound, Manufacturing activity at strongest level in years as foreign orders increase.

Pound Sterling will be hoping for some much-need support from the release of UK data and a speech by the UK’s Chancellor of the Exchequer today.

The pound surged on Thursday after Manufacturing PMI came out well above expectations in August, easily beating the 49.0 forecast, and revealing yet more underlying resilience in the UK economy post-Brexit.

Mid-week trade sees Pound Sterling continue to hold recent gains but analysts warn of the potential for a break lower.

Last week we finally got the first significant piece of economic data since June’s Brexit vote and it was not good news for the UK economy or the Pound.

Markets have some juicy data to bite into as the new month brings with it the release of the three PMI readings.

The GBP continues to be sold across the board as foreign exchange markets remain unconvinced by the improvement witnessed in the UK’s manufacturing sector.

The pound has fallen against the euro but maintains recent strength elsewhere  as the first data release of May is unequivocally negative.