Flash Services/Manufacturing PMI GBP: The manufacturing/service PMI released by both the Chartered Institute of Purchasing & Supply and the Markit Economics is an indicator of the economic situation in the UK manufacturing/service sector. It captures an overview of the condition of sales and employment. If this index is less than 50 and published below the previous rate, it will lead to the weakness of the pound and is a sign of economic contraction, and if this index is more than the previous rate and near 50, it can have a positive effect on the pound.
Flash Services/Manufacturing PMI USD: The manufacturing/service Purchasing Managers Index (PMI) released by the Markit Economics captures business conditions in the manufacturing/service sector. As the manufacturing/service sector dominates a large part of total GDP, the manufacturing/service PMI is an important indicator of business conditions and the overall economic condition in the United States. If this index is published more than 50 and is higher than the previous rate, it is a sign of economic development in the last month and can have a positive effect on the dollar. But if it falls compared to its previous rate, it will be published below the number 50 and will create a selling exposure on the dollar currency.
