UK Markit/CIPS April PMI reading for the services sector out at 08.30 GMT
It's the key PMI reading for the UK given the sector's large contribution to GDP (around 80%).
Mftg and construction PMI data this week have both been disappointing so it will be no surprise to see softer than expected tones to this report.
Expectations:
Services 53.5 vs 53.7 prev
Composite 53.2 vs 53.6 prev
GBPUSD still on the back foot at 1.4482 as general USD demand prevails with EURGBP stuck around 0.7905.
Immediate bids/support into 1.4465-70 and 1.4450 with offers res 1.4530 and 1.4560.
EURGBP should be confined to 0.7880-0.7930 for a while.
Note:
Looks like the Halifax HPI due out just now has been delayed to 9 May. This reading ( one of three for UK HPI) often gets released within a time window so we shouldn't read anything into the delay.
