Germany HCOB Services PMI came in at 51.7, below expectations (53.1) in October

Oct 23, 2026

British Pound: Room to rise toward 1.3440 against US Dollar - UOB

United Overseas Bank strategists (UOB) Quek Ser Leang and Lee Sue Ann highlight that GBP/USD saw volatile swings but closed little changed, with no clear momentum shift.

Germany HCOB Services PMI came in at 51.7, below expectations (53.1) in October

British Pound: Room to rise toward 1.3440 against US Dollar - UOB

Germany HCOB Composite PMI came in at 52.8 below forecasts (53.3) in October