February 2018 UK Marlit/CIPS services PMI 5 March 2018
- Prior 53.0
- New orders 55.1 vs 53.3 prior
- Markit says PMI points to Q1 growth of nearly 0.4% q/q
GBPUSD was under 1.3800 at 1.3785 but bounced to 1.3805 beore dipping back to 1.3797. That bounce to the highs earlier still looks suspicious.
Markit notes;
- Business activity rises at fastest pace for four months
- Strongest upturn in new work since May 2017
- Input cost inflation lowest for a year-and-a-half
Despite pressure on operating expenses from higher staff salaries and transport costs, latest data indicated a moderation in input price inflation to its lowest since August 2016. Some firms noted that exchange-rate driven cost pressures had stabilised in recent months. Meanwhile, prices charged by service sector companies increased at the weakest rate for six months.
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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