Details of the June 2015 UK Markit CIPS services PMI data report 3 July 2015

  • Prior 56.5
  • Employment 56.0 vs 56.3 prior
  • Composite 57.4 vs 55.8 prior

Markit says that the composite points to Q2 GDP of 0.5%

It's a nice strong number for our biggest sector in the economy but it may not be enough to see a marked improvement on GDP for Q2

GBPUSD popped to 1.5643 on the release but has slipped back slightly to 1.5625

UK services PMI