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Jan 04 - 06:55 AM

GBP/USD - Buoyed By Upward Revision To UK Services PMI

By Rob Howard  —  Jan 04 - 04:55 AM
  • Cable extends north to 1.2723 after UK Dec services PMI upwardly revised

  • 53.4 vs 52.7 flash estimate. Services sector is dominant segment of UK plc

  • UK Nov mortgage approvals and consumer credit growth above forecast too

  • 1.2723 is highest level since Tuesday. 1.2707 was pre-UK data high

  • Upward revision to UK PMI is boost for hawks opposed to BoE spring rate cut

  • US ADP jobs report due 1315 GMT; 115k f/c. Jobless claims 1330 GMT; 216k f/c

Source:
Refinitiv IFR Research/Market Commentary

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