Macro & economy RegionEurope Impact Notable
Sterling hits 17-month high vs euro after UK PMI data
What happened
Sterling edged up to a fresh 17-month high versus the euro after UK data. UK businesses reported their strongest month since February, according to a PMI survey.
What it means for markets
The stronger PMI reading and sterling's rise to a 17-month high against the euro support UK assets, as the data signals economic resilience. A sustained improvement could keep the pound bid, while any deterioration in future data would shift sentiment.
AssetExpectedMove since first report
British pound FXB Sterling rose to a 17-month high vs euro after UK PMI data
▲ Up
+0.02% 128.87 (2026-10-22) → 128.90 (2026-10-30)
What to watch
- Further UK economic data releases
Source timeline
- Reuters Sterling edges up to fresh 17-month high versus euro after UK data
- Reuters UK businesses report strongest month since February, PMI shows