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UK Manufacturing PMI Surges to 47-Month High of 53.6, Lifting Composite to 52.0

UK flash PMIs revealed robust expansion, with the composite index rising to 52.0 from 50.3 and manufacturing hitting a 47-month high of 53.6, well above the 50.3 expected. Services PMI also climbed to 52.0 versus 50.0 forecast, signaling broad-based growth and roughly 0.2% quarterly GDP. Initial data surprised to the upside across all measures, fueling sterling strength amid rising inflation pressures that may prompt tighter Bank of England policy, though demand fragility caps the rally potential.

Category

GBP/USD

Sentiment

Bullish

Event

Market data

Reading time

1 min