UK Markit/CIPS services PMI May 58.6 vs 58.2 exp

  • 58.7 prev
  • composite 59.1 vs 59.4 prev
  • Markit says the headline read equates to +0.8% growth in Q2

Hey presto again

Market caught short GBP on strong supports into stronger than expected data but still weaker than last month

I can’t see rally extending too far though, but no-mans land here

GBPUSD 1.6725 EURGBP 0.8136

UK services PMI

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