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5 May 2020
UK Final Services PMI beats estimates with 13.4 in April, GBP/USD stays below 1.25
- UK Final Services PMI revised up to 13.4 in April.
- GBP/USD keeps gains below 1.2500.
- Risk sentiment remains firmer amid lockdown easing optimism.
The UK services sector activity contracted less-than-expected in the month of April, the final report from IHS Markit showed this Tuesday.
The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised higher to 13.4 in April versus 12.2 expected and a 12.3 – April’s first reading.
more to come ...