0925 GMT - Sterling remains lower on the day, showing little reaction after the latest S&P/CIPS U.K. purchasing managers' index survey showed services activity expanded further in April but manufacturing activity contracted at a faster pace. The services PMI rose to 54.9 in April from 52.9 in March while the manufacturing PMI fell to 46.6 from 47.9. A level above 50 signals an expansion in activity while a level below that indicates a contraction. Analysts in a WSJ survey expected a services PMI of 52.6 and a manufacturing PMI of 48.3. GBP/USD and EUR/GBP are little changed after the data at 1.2403 and 0.8839 respectively. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
April 21, 2023 05:25 ET (09:25 GMT)
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