UK Preliminary Services PMI plunges to 51.8 in May vs. 57.3 expected
24.05.2022, 08:32

UK Preliminary Services PMI plunges to 51.8 in May vs. 57.3 expected

  • UK Manufacturing PMI drops to 54.6 in May, misses estimates.
  • Services PMI in the UK comes in at 51.8 in May, a big miss.
  • GBP/USD drops sharply to 1.2515 on awful UK Preliminary PMIs.

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) drops sharply to 54.6 in May versus 55.1 expected and 55.8 – April’s final reading.

Meanwhile, the Preliminary UK Services Business Activity Index for May slumped to 15-month lows, arriving at 51.8 versus April’s final readout of 58.9 and 57.3 expected.

Chris Williamson, Chief Business Economist at S&P Global, commented on the survey

“The UK PMI survey data signal a severe slowing in the rate of economic growth in May, with forward-looking indicators hinting that worse is to come. Meanwhile, the inflation picture has worsened as the rate of increase of companies' costs hit yet another all-time high.“

“The survey data therefore point to the economy almost grinding to a halt as inflationary pressure rises to unprecedented levels.”

FX implications

Poor UK Preliminary Manufacturing and Services PMIs took the steam out of the GBP/USD rally, as the pair changed course in a knee-jerk reaction.

The spot is trading at 1.2514, down 0.57% at the time of writing. Before the UK PMIs release, cable was trading firmer around 1.2590.

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik