3 Feb 2021
UK Final Services PMI revised up to 39.5 in Jan, GBP/USD uninspired
- UK Final Services PMI sees upward revision to 39.5 in January.
- GBP/USD remains depressed above 1.3650 on the UK data.
- Eyes on US ADP, ISM Services PMI amid a broad USD bounce.
The UK services sector activity contracted less-than-expected in January, the final report from IHS Markit confirmed this Wednesday.
The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised higher to 39.5 in January versus 38.8 expected and a 38.8 – last month’s flash reading.
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