Germany’s flash Manufacturing PMI unexpectedly rises faster to 54.1 vs. 52.0 estimates

German flash HCOB Composite PMI rises at a moderate pace to 51.0 in August amid a slowdown in the services sector. The Composite PMI was expected to remain steady at 51.3.

Aug 21, 2026

British Pound: Upward momentum targets 1.3700 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang reports GBP/USD at 1.3640 remains supported after breaking key resistance levels, with intraday gains likely capped between 1.3605 and 1.3670.

Japanese Yen: September BoJ risk builds – Commerzbank

Volkmar Baur at Commerzbank argues that July inflation and strong Purchasing Managers' Index (PMI) data in Japan suggest price dynamics would not block a Bank of Japan (BoJ) rate hike.