The Markit’s preliminary manufacturing PMI is up eight tenths in February, rising to 54.9 from 54.1 points in January, improving the 54 expected, although without reaching the levels of November and December, when it obtained 55.6 and 57.5 respectively.
The services PMI has risen more than 10 points to 49.7 from 39.5, far exceeding the 40.7 forecast by the market and registering its best result since October.
GBP / USD reaction
The pound remains firmly on the rise since the European open, rising against the dollar following UK data to new highs since April 2018 at 1,4008. At the time of writing, the pair GBP/USD it is trading on 1.4004, gaining 0.21% daily.
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