Details from the January 2016 UK Markit CIPS services PMI data report 3 February 2016
– Prior 55.5
– New orders 56.8 vs 56.4 prior
– Expectations 67.5 vs 67.8 prior
Beating expectations but only up a pip from last month. The wires are making headlines about the expectations number falling to a 3 year low but the pound isn’t listening as it finally breaks above the short term resistance at 1.4440