UK Final Services PMI revised higher to 47.1 for June; GBP/USD holds steady above mid-1.2400s

UK Final Services PMI was revised higher to 47.1 for June.
GBP/USD moves little and holds steady above mid-1.2400s.

Haresh Menghani FXStreet

The headline seasonally adjusted final IHS Markit/CIPS UK Services PMI Business Activity Index posted 47.1 in June, up sharply from 29.0 in May and the highest for four months. This compared with the earlier 'flash' figure of 47.0 in June.

The data did little to influence the British pound or provide any meaningful impetus to the GBP/USD pair.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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