UK's PMI data optimistic again
The UK's composite PMI, released jointly yesterday by the Chartered Institute of Purchasing & Supply (CIPS) and S&P Global, fell in May to 54.
The UK's composite PMI, released jointly yesterday by the Chartered Institute of Purchasing & Supply (CIPS) and S&P Global, fell in May to 54. Nevertheless, that was slightly better than analysts had forecasted. Since January, the indicator has consistently remained above 50, a fact that will support the pound sterling.
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