UK S&P Global Services PMI Flash (Apr) 52.0 vs. Exp. 49.9 (Prev. 50.5, Low. 49, High. 50.7)
The UK S&P Global Services PMI Flash for April came in at 52.0, significantly above the expected 49.9, suggesting a stronger-than-anticipated expansion in the services sector.
United Airlines (UAL) exec warns that ticket prices may rise 20% due to the aviation fuel crisis
BofA institute Total Card Spending (w/e Apr 18) +3.3% (vs last week's +2.6% Y/Y; vs +4.3% during March)
UK S&P Global Services PMI Flash (Apr) 52.0 vs. Exp. 49.9 (Prev. 50.5, Low. 49, High. 50.7)
Iran Parliament Deputy Speaker says the first payments from Hormuz Strait toll has been transferred to Iran's central bank, Tasnim reports
Volkswagen (VOW3 GY) cuts China sales expectations to around 3.2mln cars by 2030, Handelsblatt reports
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This beats the previous month's reading of 50.5 and indicates positive momentum, which may influence expectations for future economic growth and have implications for Bank of England policy. Traders should watch for potential adjustments in sentiment towards GBP and related assets as this data point reinforces a more optimistic outlook.
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