Important Information
This website is managed by Ultima Markets’ international entities, and it’s important to emphasise that they are not subject to regulation by the FCA in the UK. Therefore, you must understand that you will not have the FCA’s protection when investing through this website – for example:
Note: Ultima Markets is currently developing a dedicated website for UK clients and expects to onboard UK clients under FCA regulations in 2026.
If you would like to proceed and visit this website, you acknowledge and confirm the following:
Ultima Markets wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.
By confirming your decision to proceed with entering the website, you hereby affirm that this decision was solely initiated by you, and no solicitation has been made by any Ultima Markets entity.
I confirm my intention to proceed and enter this websiteSterling experienced a broad surge on Thursday, fuelled by better-than-expected PMI data, suggesting the UK economy is on course for solid growth in the third quarter. The flash composite output index climbed to a four-month high of 53.4 in August from 52.8 in July, surpassing the forecasted figure of 52.9. The services business activity index increased to 53.3 from to 52.5 in July, exceeding the expected figure of 52.8.
(UK Flash Composite PMI Data)
(UK Flash Service PMI Data)
In August, service sector growth also hit a four-month peak, while manufacturing output rose at its fastest rate in 26 months, according to the survey. Overall, business activity showed unexpected strength, as a strong recovery in the dominant services sector offset a deeper decline in manufacturing.
This optimistic economic outlook emerges as inflationary pressures ease, a situation that would typically pave the way for further rate cuts by the BoE. However, the strong economic performance allows the BoE to adopt a more cautious approach before enacting additional cuts. Overall, November presents an opportune moment for such decisions, as the BoE will have updated economic forecasts by then.
Disclaimer
Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.
Ultima Markets provides the foremost competitive cost and exchange environment for prevalent commodities worldwide.
Start TradingMonitoring the market on the go
Markets are susceptible to changes in supply and demand
Attractive to investors only interested in price speculation
Deep and diverse liquidity with no hidden fees
No dealing desk and no requotes
Fast execution via Equinix NY4 server