UK October Services PMI Preliminary Reading Released: Positive for GBP

Markit released the preliminary reading for the UK Services Purchasing Managers’ Index (PMI) for October on September 23, 2025. The reported value was 51.9, with no forecast provided; the previous reading was also 51.9.Data Definition: The Services PMI reflects service sector managers’ assessments of current business conditions. A reading above 50 indicates expansion in the sector, while below 50 signals contraction. In terms of market impact, if the actual figure exceeds expectations, it is considered supportive for the British pound.This data is assigned an importance level of 3. The statistic is derived from a survey of service sector managers and is published monthly. The next release is scheduled for November 21, 2025.

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