actual 50.6, previous 50.4
The S&P Global Composite PMI (Purchasing Managers' Index) for the UK in January is a key economic indicator that provides insight into the performance of the country's manufacturing and services sectors.
In this event, the actual PMI value is 50.6, which is slightly lower than the previous value of 50.4. However, it is higher than the estimated value of 50.9. This indicates that there was a slight improvement in business conditions in the UK in January, as a PMI value above 50 suggests expansion in economic activity.
Overall, this event suggests that the UK economy experienced modest growth in January, as businesses in both the manufacturing and services sectors reported increased activity. The impact of this event on the GBP currency is considered low, but it still provides valuable information for investors and analysts assessing the health of the UK economy.