UK Private Sector Shows Signs of Life — What It Means for Forex Traders
The UK's private sector edged back toward growth in October, according to the latest S&P Global “Flash” composite PMI data. The headline index climbed to 51.1 — up from 50.1 in September and comfortably above the 50.0 threshold that separates contraction from expansion.
UK Growth Cools in September as Services Hold Steady but Manufacturing Falters
The UK private sector slowed in September as the S&P Global Flash UK Composite PMI Output Index fell to 51.0, down sharply from August’s 12-month high of 53.5. While a reading above 50.0 still indicates growth, this was the weakest pace since May, signaling that the UK economy’s momentum is beginning to fade.