UK Preliminary Services PMI inches lower to 49.2 in October vs. 49.5 expected

  • UK Manufacturing PMI rose to 45.2 in October, above expectations of 45.0.
  • Services PMI in the UK fell to 49.2 in October, a downside surprise.
  • GBP/USD is recapturing bids above 1.2250 on mixed UK business PMIs.

United Kingdom S&P Global/CIPS Manufacturing PMI came in at 45.2, above expectations (45) in October

United Kingdom S&P Global/CIPS Manufacturing PMI came in at 45.2, above expectations (45) in October
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Gold price consolidates as investors eye fresh development on Middle East tensions

Gold price (XAU/USD) trades back and forth in a narrow range as investors seek fresh development over Israel-Palestine tensions. The US urges Israel’s
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