- GBPUSD ticks down after data release
- GBPUSD ticks down after data release
09:30 AM BST, United Kingdom - PMI Data for October:
- S&P Global Manufacturing PMI: actual 49.7; forecast 49.6; previous 49.6;
UK manufacturing showed tentative signs of recovery in October, with output expanding for the first time in a year amid reduced backlogs and restarts at firms like Jaguar Land Rover. While production grew in consumer and intermediate goods, investment goods output continued to shrink, though more slowly. Demand remained weak at home and abroad, with new orders and exports still falling. Employment declined again but at a softer rate. Cost pressures eased slightly, yet supply chain strains and uncertainty over tariffs and global demand persisted.
The pound’s reaction remains cautious, with the currency fluctuating between small gains and losses. On one hand, the report offers a positive signal for the UK’s struggling manufacturing sector. On the other, signs of easing cost pressures and falling employment could strengthen expectations for interest rate cuts in the coming months.
Source: xStation5
BREAKING: PMI data from European countries came in line with expectations 🔎
Economic calendar: PMI, ISM, and ADP ahead this week 📄
BREAKING: Swiss inflation slows again 📉
Morning wrap (03.11.2025)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.