So the earlier rumours were pretty much spot on.

Much stronger than median forecast of 51.4. 8 month high.

Cable has spiked as high as 1.6269, presently at 1.6260. EUR/GBP has tripped stops I spoke about yesterday below 8500 and we’ve been as low as 8480, presently at .8485.

Markit says services PMI boosted by return to normal business after December snow disruption.

Survey consistent with UK GDP growing at quarterly rate of around 0.4%