• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

UK Services Sector Posts Three-Month High With Restrictions Eased

November 3, 2021 by Forex Winner Leave a Comment

UK Services Sector Posts Three-Month High with Restrictions Eased

Source: IHS Markit

Service providers in the United Kingdom posted a three-month high in terms of business activity growth in October, driven by the reopening of the economy and easing of restrictions. EWU is flat premarket.

  • The headline seasonally adjusted IHS Markit/CIPS UK Services PMI Business Activity Index stood at 59.1 in October, up from September’s 55.4.
  • The latest reading is the fastest growth recorded in three months since July.
  • Growth was attributed to the rising business and consumer spending during the month, as local and international restrictions were eased.
  • Strong demand was reported in the hospitality, leisure, and transportation sectors. Staffing was down in some firms as they were poached by competitors.
  • Operating expenses posted a steep growth during the month, with most of the firms reporting a rise in cost burdens mainly due to higher wages.
  • Higher expenses were also due to energy, fuel, raw materials, transport, and staff.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

spreadex

Spreadex Review

November 4, 2019 By Forex Winner

ayondo

Ayondo Review

June 14, 2019 By Forex Winner

TradeStation

TradeStation Review

July 1, 2019 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure