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UK Final Services PMI misses estimates with 34.5 in March, GBP/USD refreshes lows

  • UK Final Services PMI revised downwards to 34.5 in March.
  • GBP/USD refreshes lows and nears 1.2300.
  • King dollar rules amid looming coronavirus crisis-led risk off.

The UK services sector activity contracted more-than-expected in the month of March, the final report from IHS Markit showed this Friday. 

The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised lower to 34.5 in March versus 34.8 expected and a 35.7 – March’s first reading.

 

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United Kingdom Markit Services PMI came in at 34.5 below forecasts (34.8) in March

United Kingdom Markit Services PMI came in at 34.5 below forecasts (34.8) in March
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EUR/DKK: Upward pressure eased – Danske Bank

Danmarks Nationalbank (DN) today published March FX reserve and central bank balance sheet data, economists at Danske Bank recap. EUR/DKK is trading a
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