UK Preliminary Services PMI declines to 52.9 in May vs. 54.7 expected

UK Services PMI dropped to 52.9 in May. Manufacturing PMI in the UK expandedto 51.3. in May. GBP/USD holds higher ground near 1.2740 after mixed UK business PMI s. The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index rebounded from 49.1 in April to 51.3 in May, beating 49.5 expectations. Meanwhile, the Preliminary UK Services Business Activity Index fell to 52.9 in May, missing the marketconsensusof 54.7. The previous figure stood at 55.0.

The pair is adding 0.15% on the day to trade at 1.2734, as of writing. British Pound PRICE Today The table below shows the percentage change of British Pound against listed major currencies today. British Pound was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.19% -0.14% -0.05% -0.13% -0.11% -0.30% -0.15% EUR 0.19% 0.06% 0.15% 0.09% 0.09% -0.09% 0.03% GBP 0.14% -0.06% 0.10% -0.02% 0.03% -0.17% -0.04% JPY 0.05% -0.15% -0.10% -0.09% -0.07% -0.32% -0.13% CAD 0.13% -0.

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