UK Preliminary Services PMI contracts to 49.2 in September vs. 50.0 expected

  • UK Manufacturing PMI rises to 48.5 in September, beats estimates.
  • Services PMI in the UK drops to 49.2 in September, a big miss.
  • GBP/USD tests multi-decade lows near 1.1150 on dismal UK PMIs.

more to come ...

United Kingdom S&P Global/CIPS Services PMI came in at 49.2 below forecasts (50) in September

United Kingdom S&P Global/CIPS Services PMI came in at 49.2 below forecasts (50) in September
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GBP/USD plummets to mid-1.1100s, lowest since 1985 amid relentless USD buying

The GBP/USD pair prolongs its recent bearish trend and weakens further below the 1.1200 mark, hitting its lowest level since 1985 during the early Eur
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