Latest data released by Markit/ADACI - 5 February 2019
- Prior 50.5
- Composite PMI 48.8 vs 49.4 expected
- Prior 50.0
The services sector now slips into contraction territory and this doesn't bode well for as signs of an economic recovery from the recession to end 2018 is not coming about. The composite reading also falls back into contraction territory, slipping to its weakest print since November 2013. Ouch.
EUR/USD sits at the lows for the day now at 1.1412 after dropping a little earlier on. EUR/GBP is also down to 0.8755 currently.
