Latest data released by Markit - 2 January 2017
A miss on the headline, cable slipping by a mouth-watering 8 pips to 1.3546.
The decline is mainly due to a fall in input cost and output price inflation, according to Markit. The full release can be found here.
Muted reaction to say the least, cable now back up to 1.3552 in a jiffy. The services PMI will be the more keenly eyed upon reading, as the sector plays a bigger role in the UK economy compared to this.
