- Prior 57.6
- Employment 56.0 vs 53.5 prior highest since Oct 2013
- Composite index 59.4 vs 58.2 prior
- Composite employment 55.9 vs 53.8 prior
Cable had to think about it for a few seconds but we’re breaking up now into 1.6950
UK Markit/CIPS services PMI 06 05 2014
“Growth and momentum in UK services remained steadily bullish in April, as activity increased at the fastest rate this year. Most encouraging of all has been the increase in job creation since last October, a reflection of positive prospects of market expansion. With business confidence rising further in April, firms seem convinced that a long-term strong trend is set to continue. Owing to buoyant economic conditions, higher new business levels in April were leading the growth in activity. Alongside this, companies were also able to stay on top of outstanding business, with backlogs of work increasing at the weakest pace since March 2013.” Said David Noble at CIPS
