Cable ticks up to 1.2547 after UK Aug services PMI upwardly revised to 49.5

See: nZRN0078UO. 48.7 was forecast. 1.2547 is pip shy of August's low

1.2529 was 12-week low pre-UK PMI revision (1.2615 was Asian session base)

Drop to 1.2529 influenced by European stock losses (pound is risk-sensitive)

1.2578 (Friday's low) is now a resistance level (1.2642 was Monday's high)

BoE Governor Bailey and two other MPC members to address UK TSC Wednesday