The most important sector in Britain puts a brave face against Brexit: a score of 54.5 is already significant growth and much better than expected. This joins a better than predicted construction PMI and an OK manufacturing one.
GBP/USD advanced in the high range, reaching 1.2345.
Update:Â GBP/USD shoots up on court ruling
And another: Carney says rates can go both ways – GBP jumps
The third and final purchasing managers’ index is the most important one: Markit’s services PMI. A small slide from 52.6 to 52.4 was on the cards.
GBP/USD was trading on high ground, around 1.2330 ahead of the publication. This time, the release is somewhat overshadowed by bigger events: the court ruling on parliament’s role in Brexit and the Bank of England’s “Super Thursdayâ€.
More:
- BOE Preview Keeping the powder dry in response to GBP weakness [Video]
- GBP/USD ready to rock on Carney? Two opinions
