Details from the June 2016 UK Markit/CIPS services PMI data report 5 July 2016
Prior 53.5
New orders 52.3 v s53.5 prior
Composite 52.4 vs 52.0 exp. Prior 53.0
New orders 53.0 vs 51.5 prior
Slowest employment growth since Aug 2013
Expectations fall to the weakest since Dec 2012
Despite the drop that may not be as bad as some might have feared (myself included) and could support the pound from here.
Markit's Chris Williamson comments on the report below but most of that is just his opinion rather than the opinion of respondents;
UK services PMI
GBPUSD is not suitably impressed as it looked to hold but then has just nicked a new low at 1.3137. Over to Carney next.
