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UK Services PMI at 52.7; Downward pressure on GBP

The UK Services PMI was worse than expected (52.7); Further downward pressure on the Pound is expected.
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Upcoming Data: #UK Services PMI @ 9:30AM GMT

Expectations: The February’s Services PMI is expected to come lower (51.1) than the previous (55.6). A print above 56 would be considered high; bellow 54 would put downward pressure on the Sterling.
– Services is one of the most important sectors in Great Britain.
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