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UK Final Services PMI beats estimates with 56.1 in Sept, GBP/USD stays around 1.2950

  • UK Final Services PMI revised up to 56.1 in Sept.
  • GBP/USD sustains the bounce around 1.2950 on the UK data.
  • Broad USD weakness remains intact, focus shifts to US PMIs.

The UK services sector activity expanded more-than-expected in September, the final report from IHS Markit confirmed this Monday. 

The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised higher to 56.1 in September versus 55.0 expected and a 55.1 – September’s first reading.

 

more to come …

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