Economic Calendar by Acuity - The Day Ahead
🇬🇧 S&P Global Services PMI - 09:30 GMT 🔴
The Services Purchasing Managers Index (PMI), released on a monthly basis by https://www.pmi.spglobal.com/, is a leading indicator gauging business activity in the UK’s services sector. Survey responses reflect the change, if any, in the current month compared to the previous month and can anticipate changing trends in official data series such as Gross Domestic Product (GDP), employment and inflation. The index varies between 0 and 100, with levels of 50.0 signaling no change over the previous month. A reading above 50 indicates that the services economy is generally expanding, a bullish sign for the Pound Sterling (GBP). Meanwhile, a reading below 50 signals that activity among service providers is generally declining, which is seen as bearish for GBP.
🔮 Forecast: 53
⏮️ Previous: 53.9
What instruments will be affected?
UK 100 Index, Euro vs Great Britain Pound, Great Britain Pound vs Australian Dollar, Great Britain Pound vs Canadian Dollar, Great Britain Pound vs US Dollar
🇬🇧 S&P Global Composite PMI - 09:30 GMT 🔴
The Composite Purchasing Managers Index (PMI), released on a monthly basis by https://www.pmi.spglobal.com/, is a leading indicator gauging private-business activity in UK for both the manufacturing and services sectors. The data is derived from surveys to senior executives. Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs. Survey responses reflect the change, if any, in the current month compared to the previous month and can anticipate changing trends in official data series such as Gross Domestic Product (GDP), industrial production, employment and inflation. The index varies between 0 and 100, with levels of 50.0 signaling no change over the previous month. A reading above 50 indicates that the UK private economy is generally expanding, a bullish sign for the Pound Sterling (GBP). Meanwhile, a reading below 50 signals that activity is generally declining, which is seen as bearish for GBP.
🔮 Forecast: -
⏮️ Previous: 53.7
What instruments will be affected?
UK 100 Index, Euro vs Great Britain Pound, Great Britain Pound vs Australian Dollar, Great Britain Pound vs Canadian Dollar, Great Britain Pound vs US Dollar
🇬🇧 S&P Global Manufacturing PMI - 09:30 GMT 🔴
The Manufacturing Purchasing Managers Index (PMI), released on a monthly basis by https://www.pmi.spglobal.com/, is a leading indicator gauging business activity in the UK’s manufacturing sector. The data is derived from surveys of senior executives at private-sector companies. Survey responses reflect the change, if any, in the current month compared to the previous month and can anticipate changing trends in official data series such as Gross Domestic Product (GDP), industrial production, employment and inflation. The index varies between 0 and 100, with levels of 50.0 signaling no change over the previous month. A reading above 50 indicates that the manufacturing economy is generally expanding, a bullish sign for the Pound Sterling (GBP). Meanwhile, a reading below 50 signals that activity among goods producers is generally declining, which is seen as bearish for GBP.
🔮 Forecast: 51.1
⏮️ Previous: 51.7
What instruments will be affected?
UK 100 Index, Euro vs Great Britain Pound, Great Britain Pound vs Australian Dollar, Great Britain Pound vs Canadian Dollar, Great Britain Pound vs US Dollar
