Always the key PMI release for the UK given the sector's large contribution to GDP
Expectations:
Services 58.5 vs 58.9 prev
Composite 58.1 vs 58.8
As I warned yesterday going into the construction data the recent data has been somewhat shabby and the sell-off in GBP going into this one suggests the market's looking for another dud
Sell rumour/buy fact? We'll know soon enough but good two-way business to continue
Currently GBPUSD 1.5154 EURGP 0.7416 both on session lows for GBP
