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5/21/2021 8:32:13 AM GMT | By Dhwani Mehta
UK Manufacturing PMI beats estimates with 66.1 in May.
Services PMI in the UK eases to 61.8 in May, a miss.
GBP/USD keeps its range below 1.4200 amid mixed UK PMIs.
The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) jumped to 66.1 in May, the highest since Jan 1992, versus 60.0 expected and 60.9 – April’s final reading.
Meanwhile, the Flash UK Services Business Activity Index for May rose to 61.8 versus April’s final readout of 61.0 and 62.0 expected. The index reached the highest levels in 93 months.
Chris Williamson, Chief Business Economist at IHS Markit, commented on the survey
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