Yes folks, it's the services PMI that really counts this morning given the sector's large contribution to UK GDP
Despite govt and BOE wanting a more diverse/even split in the UK economy it's not going to happen anytime soon and the services PMI remains a highly awaited number
Expect a feeding frenzy at the trough if we get a number wide of the mark before traders once again run scared of pushing the price too far ahead of the BOE three-some tomorrow ( that's interest rate decision, Minutes and inflation report)
Forecast is for 58.0 services vs 58.5 prev and 56.9 for composite
Offers on GBPUSD into 1.5600 and more between 1.5625-50. Support 1.5525-30. Currently 1.5582
EURGBP supply into 0.7000 and bids into 0.6950. Currently 0.6971
