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UK Final Services PMI revised down to 58.5 in November

  • UK Final Services PMI downwardly revised to 58.5 in November.
  • GBP/USD’s rebound remains capped below 1.33 on the UK data.
  • Eyes on US NFP, ISM Services PMI ahead of the December Fed decision.

The UK services sector activity expanded less than expected in November, the final report from IHS Markit confirmed this Friday. 

The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised lower to 58.5 in November versus 58.6 expected and a 58.6 – last month’s flash reading.

 

more to come ...

USD/JPY: Solid support still seen at 112.50 – UOB

Prospects of further decline in USD/JPY are expected to meet support in the mid-112.00s in the next weeks, suggested FX Strategists at UOB Group. Key
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