- fastest growth in 8 months
- 57.7 prev
- composite 58.8 vs 58.0 exp vs 57.9 prev revised down from 58.0
- services sector confidence expectations down slightly to 71.1 vs 72.3, lowest level in 8 months
Markit cite new orders and investment as supporting the rise. The PMI survey covers private-sector services firms excluding retailers, in a sector that makes up almost 50% of the economy still. Future confidence response has to be a concern and will be based on the potential damage to be caused by interest rate hikes
GBPUSD up to 1.6886 on the stronger data .EURGBP down to 0.7938
Time to see how much this rally can sustain. Good offers into 1.6900-10 and bids on EURGBP at 0.7925-30
UK services PMI mm
