Loading the economic calendar
Loading the economic calendar
A diffusion index of activity among UK service-sector firms, revised from the flash estimate two weeks earlier.
| Published by | S&P Global / CIPS |
|---|---|
| Country | United Kingdom |
| Currency affected | GBP |
| Release frequency | Monthly |
| Usual release time | 08:30 GMT (UTC+00:00) |
| Impact rating | Low impact |
| Typical volatility | 10-25 pips on GBP/USD inside the first 30 minutes |
The UK Services PMI (Final) is released monthly by S&P Global / CIPS, usually at 08:30 GMT (UTC+00:00). These are the dates inside our calendar window.
Every release in the window has already been published. The next one falls outside the four-week demo calendar.
Services are about eighty per cent of UK output, so the survey is the best monthly momentum gauge.
Being a final rather than a flash reading, revisions are typically small and the market reaction limited.
Typical volatility around the release is 10-25 pips on GBP/USD inside the first 30 minutes. That is an average, not a limit: when the figure lands far from consensus, or when it contradicts the central bank's own guidance, the move can be several times larger and can extend for the rest of the session.
| Pair | Why it reacts |
|---|---|
| GBP/USD | Minor sterling impulse. |
| EUR/GBP | Relative-survey trade. |
| GBP/JPY | Minor. |
Surprise is the released figure minus the consensus forecast, in the units of the release. Green means the figure printed above consensus, red below.
| Release date | Period | Previous | Forecast | Actual | Surprise |
|---|---|---|---|---|---|
| 6 Jul 2026 | Jun 2026 | 53.0 | 51.0 | 51.4 | +0.4 |
| 6 Jun 2026 | May 2026 | 50.7 | 53.0 | 53.0 | 0.0 |
| 7 May 2026 | Apr 2026 | 51.4 | 50.6 | 50.7 | +0.1 |
| 7 Apr 2026 | Mar 2026 | 51.1 | 51.7 | 51.4 | -0.3 |
| 8 Mar 2026 | Feb 2026 | 51.6 | 51.5 | 51.1 | -0.4 |
| 6 Feb 2026 | Jan 2026 | 51.9 | 52.0 | 51.6 | -0.4 |
| 7 Jan 2026 | Dec 2025 | 51.5 | 52.1 | 51.9 | -0.2 |
| 8 Dec 2025 | Nov 2025 | 51.0 | 51.8 | 51.5 | -0.3 |
S&P Global / CIPS publishes the UK Services PMI (Final) for United Kingdom. It is released monthly, typically at 08:30 GMT (UTC+00:00).
We rate this release low impact. In our sample the typical move is 10-25 pips on GBP/USD inside the first 30 minutes, though a large deviation from consensus can produce considerably more.
GBP/USD, EUR/GBP, GBP/JPY carry the cleanest reaction. Minor sterling impulse.
No. The currency reaction depends on how the figure changes the expected path of interest rates, not on whether the headline is high or low. The same surprise can be read very differently depending on the central bank's current stance.