- The United Kingdom’s PMI rose slightly to 51.1 in February, a positive surprise.
- The manufacturing PMI of the United Kingdom decreased unexpectedly to 46.4 in February.
- The GBP/USD remains out of 1,2650 after the United Kingdom business PMI.
The Index of Purchasing Managers (PMI) of the United Kingdom Manufacturing seasonally adjusted from S&P global/CIPS unexpectedly fell to 46.4 in February from 48.3 in January. The data did not meet the market expectations of 48.4 in the reported period.
Meanwhile, the business activity index of the preliminary United Kingdom improved 51.1 in February compared to January 50.9, exceeding the estimated reading of 50.8.
Implications for FX
GBP/USD It remains down close to 1,2650 after mixed data from the United Kingdom PMI. The low paper 0.09% in the day, at the time of writing.
LIBRA ESTERLINA PRICE TODAY
The lower table shows the percentage of pounding sterling (GBP) compared to the main currencies today. Libra sterling was the weakest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.24% | 0.15% | 0.45% | 0.15% | 0.27% | 0.13% | 0.06% | |
| EUR | -0.24% | -0.10% | 0.20% | -0.10% | 0.03% | -0.12% | -0.19% | |
| GBP | -0.15% | 0.10% | 0.32% | -0.00% | 0.13% | -0.01% | -0.10% | |
| JPY | -0.45% | -0.20% | -0.32% | -0.28% | -0.16% | -0.32% | -0.39% | |
| CAD | -0.15% | 0.10% | 0.00% | 0.28% | 0.11% | -0.02% | -0.10% | |
| Aud | -0.27% | -0.03% | -0.13% | 0.16% | -0.11% | -0.15% | -0.23% | |
| NZD | -0.13% | 0.12% | 0.00% | 0.32% | 0.02% | 0.15% | -0.08% | |
| CHF | -0.06% | 0.19% | 0.10% | 0.39% | 0.10% | 0.23% | 0.08% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the sterling pound from the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the GBP (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
