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Trading news
4 Mar 2020
UK Final Services PMI misses estimates with 53.2 in Feb, GBP/USD stays below 1.28
- UK Final Services PMI revised downwards to 53.2 in Feb.
- GBP/USD keeps losses below 1.2800.
- Risk sentiment remains tepid amid looming coronavirus risks.
The UK services sector activity expanded less-than-expected in the month of February, the final report from IHS Markit showed this Wednesday.
The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised lower to 53.2 in February versus 53.3 expected and a 53.3 – February’s first reading.