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Original headline: UK PMI Composite Hits Eight - Month High as Hiring Returns After Two Years
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GBP/USD
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 1.34003 |
| Change that session | +0.04% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- UK Job Vacancies Fall Below 700 , 000 as Unemployment Eases
Estimated UK job vacancies fell by 21,000 (2.9%) to 691,000 in July–September, and the last reading below 700,000 was for February–April 2021. Vacancies fell in 14 of 18 industries, with construction posting the largest drop by number at 7,000, while businesses with one to nine employees recorded the biggest decline among employer size groups. Unemployment eased to 4.7% for the three months to August, 0.1 percentage point below the previous quarter, though the ONS cautions that Labour Force Survey estimates remain volatile and advises focusing on longer-term movements. The ONS suggested higher labor costs may be discouraging recruitment at some smaller businesses, and HM Treasury's budget is scheduled for October 28.
- UK jobless rate falls but shrinking vacancies a bitter blow to jobseekers
- UK unemployment falls to lowest in a year but vacancies slide further
- UK jobless rate falls but shrinking vacancies a bitter blow to jobseekers
- UK jobless rate falls but shrinking vacancies a bitter blow to jobseekers
- Retail sales fall faster than expected ahead of Budget
UK retail sales fell 0.4% in September, according to the ONS, a bigger drop than the 0.1% decline forecast by City economists, and August was revised up to 0.7% from 0.5%. Non-food stores and online spending led the slump, with volumes down 0.4%. GfK's consumer confidence index fell 11 points to -24 in September, its biggest drop since the 2016 Brexit vote. Retailers have asked the government to exclude high street shops from the highest business rates multiplier and to roll back recent employer national insurance increases before the Budget set for 28 October. Automotive fuel was the only major sector to grow in volume, despite diesel reaching a record £2.01 per litre in early October.
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