The S&P Global Services PMI — UK measures the health and activity level of the UK’s services sector (like finance, retail, and tourism) based on surveys of business managers. A higher-than-expected PMI signals economic strength, which can boost the British pound and risk appetite, sometimes leading to a drop in bitcoin and crypto prices as investors favor traditional assets over crypto. Conversely, a weak PMI can increase interest in crypto as a hedge against economic uncertainty.

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