UK Preliminary Services PMI rises to 51.4 in December vs. 51.0 expected

UK Services PMI edged higher to 51.4 in December, beat estimates.
Manufacturing PMI in the UK fell further to 47.3 in December.
GBP/USD extends gains above 1.2650 after UK business PMIs.

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) contracted further to 47.3 in December from 48.0 in November. The data missed the market consensus of 48.1

Dec 16, 2024

United Kingdom S&P Global/CIPS Manufacturing PMI came in at 47.3, below expectations (48.1) in December

EUR/USD: It’s Germany’s turn to vote – OCBC

Chancellor Scholz had called for a vote of confidence on Wed and the Bundestag will vote later today.