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Kamis Aug 21 2025 09:20
2 min
The EUR/GBP currency pair remained relatively stable during Thursday's European trading session, hovering around the 0.8660 level, after gains registered in the previous session. This stability comes amidst the release of mixed Purchasing Managers' Index (PMI) data from both the United Kingdom and the Eurozone, which had a limited impact on the pair's movement.
UK PMI Data:
Preliminary data from S&P Global showed that the UK Manufacturing PMI declined to 47.3 in August, compared to 48.0 in July. This figure came in below expectations, which pointed to 48.3. In contrast, the UK Services PMI unexpectedly jumped to 53.6, up from 51.8 in the previous month, surpassing market expectations of 51.8. The Composite PMI rose to 53.0 from 51.5 in the previous reading, exceeding the expected 51.6.
Eurozone PMI Data:
In the Eurozone, the HCOB Manufacturing Purchasing Managers Index climbed to 50.5 in August, from 49.8 in July, beating market expectations of 49.5. At the same time, the Services PMI fell to 50.7 from 51.0 in the previous month, slightly below the expected reading of 50.8. The HCOB Eurozone PMI Composite came in at 51.0, against the previous 50.9 and expected 50.7 readings.
Impact of Data on the Euro:
The improvement in the Eurozone Manufacturing PMI indicates a return to activity in the industrial sector after a long period of contraction, which may ease the downward pressure on the Euro. Earlier, preliminary data from France and Germany indicated a slight improvement in business activity, helping to offset the weak Eurozone Services PMI.
Purchasing Managers' Index data is an important economic indicator that reflects the health of the economy. A reading above 50 indicates economic expansion, while a reading below 50 indicates contraction. Traders and analysts should follow these indicators closely to understand potential economic trends and their impact on currency values.
The PMI is derived from surveys of purchasing managers across various industries. These surveys provide insights into key economic variables such as new orders, inventory levels, production, supplier deliveries, and employment. By tracking these elements, analysts can gauge the overall direction of the economy and anticipate potential shifts in monetary policy by central banks. For instance, a consistently strong PMI reading might prompt a central bank to consider raising interest rates to combat potential inflation.
Risk Warning and Disclaimer: This article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform. Trading Contracts for Difference (CFDs) involves high leverage and significant risks. Before making any trading decisions, we recommend consulting a professional financial advisor to assess your financial situation and risk tolerance. Any trading decisions based on this article are at your own risk.
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