The Markit released UK Services PMI data that came out lower than expected of 50.4, compare to forecasted 52.5.
Chris Williamson, Chief Business Economist at IHS Markit said, "A sharp deterioration in service sector growth leaves the economy flatlining in November as Brexit concerns intensified. Measured across services, manufacturing and construction, the survey results suggest that the pace of economic growth has stalled. With the exception of July 2016, when business slumped in the immediate aftermath of the EU referendum, November saw the worst performance since February 2013".
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| Historical Data Table: Services PMI | Economic Calendar for 06.12.2018 | ||||||||
| Date | 04.07.2018 | 05.09.2018 | 03.10.2018 | 05.11.2018 | 05.12.2018 | 13:15 PM | US ADP Non-Farm Employment Change | ||
| Actual | 55.1 | 54.3 | 53.9 | 52.2 | 50.4 | 15:00 PM | US ISM Non-Manufacturing PMI |
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| Forecast | 54 | 53.9 | 54 | 53.4 | 52.5 | 16:00 PM | US Crude Oil Inventories | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.27212 | 1.27318 | 0.08% | GBP/USD | 65.55% | 34.45% | |||
| EUR/GBP | 0.89116 | 0.89067 | -0.05% | EUR/GBP | 28.02% | 71.98% | |||
| GBP/CAD | 1.68921 | 1.69149 | 0.13% | GBP/CAD | 70.07% | 29.93% | |||
| GBP/JPY | 143.739 | 143.823 | 0.06% | GBP/JPY | 63.14% | 36.86% | |||