Business activity in the UK is under pressure, as is the pound

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Business activity in the UK is under pressure, as is the pound
FxPro | vor 103 Tagen

Business activity in the UK is under pressure, as is the pound

Preliminary estimates of PMI business activity indices showed a slowdown in the growth rate of the services sector, while manufacturing activity slowed slightly.

The manufacturing PMI for July, at 48.2, was better than the average forecast of 47.9 and the previous value of 47.7. However, the indicator has remained in decline (<50) for the last 10 months.

The services PMI fell to 51.2, showing a slowdown after June's reading of 52.8.

Another report, from the CBI, showed continued pessimism regarding industrial orders. The corresponding index stood at -30, remaining in contraction territory for the last three years.

All this indicates subdued economic activity in the UK. Although the Central Bank has been easing policy for a year now, this could potentially pave the way for further cuts in the key rate.

GBPUSD continued to decline against the background of this news, retesting the 50-day moving average. EURGBP has been trading near 0.8670, at the upper end of the range, since the end of 2023, and it looks like part of an upward drift within the 9-year range of 0.82-0.92.

By the FxPro Analyst Team

FxPro
Typ: NDD
Vorschrift: FCA (UK), SCB (The Bahamas)
read more
ATFX Market Outlook 4th November 2025

ATFX Market Outlook 4th November 2025

Gold prices steadied, hovering around the key $ 4,000-per-ounce mark amid a lack of clear direction. Traders are awaiting U.S. private-sector employment data later this week for further cues. Oil prices steadied as markets balanced OPEC+’s latest production increases against reports that the group may pause additional output hikes in the first quarter of 2026.
ATFX | vor 8Std 55 Minuten
USDPJY, AUDUSD, GBPUSD

USDPJY, AUDUSD, GBPUSD

Fed speakers and ADP data in focus; USDJPY near 8-month high; RBA to hold rates at 3.60%; AUDUSD under pressure; BoE likely to stand pat; GBPUSD weak, eyes 6½ -month low
XM Group | vor 1 Tagen
ATFX Market Outlook 3rd November 2025

ATFX Market Outlook 3rd November 2025

U.S. equities ended higher on Friday, led by Amazon’s upbeat earnings forecast, though investor optimism was tempered by renewed caution from several Federal Reserve officials. For the week, the S&P 500 rose 0.7%, the Nasdaq gained 2.24%, and the Dow added 0.75%. Several Fed hawks voiced opposition to further rate cuts, citing persistent inflation risks, which boosted the U.S. Dollar Index
ATFX | vor 1 Tagen
ATFX ​Market Outlook 31st October 2025

ATFX ​Market Outlook 31st October 2025

U.S. equities fell on Thursday, with the three major indexes closing lower as Meta and Microsoft shares plunged amid market concerns over their substantial expenditures on artificial intelligence. The Nasdaq and S&P 500 led the decline, while the Dow Jones Industrial Average dropped 0.23%, the S&P 500 slid 0.99%, and the Nasdaq Composite tumbled 1.57%.
ATFX | vor 4 Tagen
GBP/USD Finds a Floor at 1.3200 After Fed-Induced Sell-Off

GBP/USD Finds a Floor at 1.3200 After Fed-Induced Sell-Off

The GBP/USD pair is consolidating around the 1.3200 level on Thursday, following significant losses in the previous session. The pair is now trading near its lowest point since April 2025, with selling pressure intensifying after the Federal Reserve cut interest rates by 25 basis points.
RoboForex | vor 5 Tagen
ATFX Market Outlook 28th October 2025

ATFX Market Outlook 28th October 2025

U.S. equities extended gains on Monday, with all three major indexes closing at record highs for the second straight session. Optimism over a potential U.S.–China trade deal, combined with anticipation for this week’s Big Tech earnings and the Federal Reserve’s policy decision, fueled the rally.
ATFX | vor 7 Tagen