Pound/dollar under pressure in intraday trading, dragged down by disappointing UK services PMI data

金十2026/05/21 09:14

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Golden Ten Data reported on May 21 that the British pound fell, with GBP/USD once retreating to around 1.3431, due to the UK services PMI coming in much lower than expected. Data shows that the preliminary UK services PMI for May registered only 47.9, a sharp decline from April's 52.7. The weaker-than-expected PMI data has further strengthened the market's expectation that the Bank of England will keep interest rates unchanged in June.

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Goldman Sachs believes that the rapid rise in real interest rates has exerted more direct pressure on the US stock market, with rate-sensitive sectors such as small-cap and financial stocks being particularly affected. On the liquidity front, Goldman Sachs estimates that pension funds may sell around $3.3 billions in equities at the end of the month and quarter, and that CTAs may sell about $530 million worth of Russell 2000 index futures in the coming week. For the market, unless the issues of oil and interest rates are resolved, the AI narrative is "almost irrelevant."

华尔街见闻•2026/09/30 04:01