Latest data released by Markit - 21 February 2018

  • Prior 59.6
  • Services PMI 56.7 vs 57.6 expected
  • Prior 58.0
  • Composite PMI 57.5 vs 58.4 expected
  • Prior 58.8

Similar to French and German PMI releases earlier, slightly below expectations on the figures. They're still relatively solid readings, but they have fallen off the highs posted in December.

Markit says that "the slower growth of business activity reflected an easing in the rate of increase of new orders which, while elevated, slipped to a five-month low".

EUR/USD still near the lows of the day now at 1.2315, EUR/GBP back to session highs as the sterling tumbles now at 0.8827. Meanwhile, EUR/CHF is at 1.1543, little changed.