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Breaking Posted 10 hours ago

UK June services PMI misses at 48.7 versus 50.1 forecast

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UK services PMI fell to 48.7 in June, below the 50.1 consensus and prior 49.3, signaling contraction in the sector. Manufacturing PMI also disappointed expectations. Weakness in both sectors pressures GBP/USD and EUR/GBP as it raises recession concerns and may prompt BoE rate-cut expectations.
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9 hours ago

UK Services PMI Flash 48.7, Misses 50.1 Forecast

UK Services PMI flash reading came in at 48.7, significantly below the 50.1 forecast and down from 49.3 previously, signaling contraction in the services sector. This weaker-than-expected data pressures GBP as it signals economic slowdown and may influence Bank of England policy expectations, directly impacting sterling pairs.

https://x.com/financialjuice/status/2069337257513828441
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