UK PMI data beat forecasts<\/a>. The Composite PMI unexpectedly rose to 52.7 from a six-month low of 52.3 in June.<\/p>\nThe manufacturing PMI rose to a two-year high, and services PMI was also above forecasts. Meanwhile, businesses raised prices at the slowest rate since February 2021.<\/p>\n
The euro is falling after PMI data was weaker than expected. The composite PMI came in at 50.1, just above the 50 level that separates expansion from contraction.<\/p>\n
The data points to sluggish momentum in the economy at the start of Q3.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rising for a third straight day. The pound is gaining after UK PMI data beat forecasts. The Composite PMI unexpectedly rose to 52.7 from a six-month low of 52.3 in June. The manufacturing PMI rose to a two-year high, and services PMI was also above forecasts. Meanwhile, businesses […]<\/p>\n","protected":false},"author":163946598,"featured_media":4818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394,2410],"class_list":["post-118097","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-eur-gbp","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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