The UK Services PMI was worse than expected (52.7); Further downward pressure on the Pound is expected.
Falco1's Blog
Upcoming Data: #UK Services PMI @ 9:30AM GMT
– Expectations: The February’s Services PMI is expected to come lower (51.1) than the previous (55.6). A print above 56 would be considered high; bellow 54 would put downward pressure on the Sterling.
– Services is one of the most important sectors in Great Britain.
– Services is one of the most important sectors in Great Britain.