FX.co ★ UK Services Sector Gains Momentum

The S&P Global UK Services PMI climbed to 53.2 in March 2025, up from February's 51 and exceeding market expectations of 50.9, as per preliminary estimates. This data suggests ongoing progress in the sector, reflecting the most robust growth experienced since August 2024, attributed to a resurgence in both domestic and international sales. Service providers have observed a rise in new work for the first time this year, with some companies noting an initial enhancement in demand conditions.