U.K. Services PMI

Thursday, 5 January 2012 02:53

The end of 2011 brings positive results for British service providers and new business.

According to Markit/CIPS seasonally adjusted PMI rose to 54.0 in December from 52.1 in November, hitting at the same time 5-month high.
Economists estimated December’s reading at 51.6.

The index amounted over 50 indicates expansion.

Despite good economic data British pound kept on loosing against U.S.dollar, with a couple traded at 1.5570.