The index Preliminary UK services PMI has fallen into contraction territory in November, standing at 45.8 from October 51.4. The result is the worst in six months, but improves expectations to 42.5.
The Manufacturing PMI preliminary has risen one point and a half in November, amounting to 55.2, its highest level since August, also improving the 50.5 expected by the experts.
GBP / USD reaction
The British pound has held firm after the release. At the time of the data it has bounced between 1.3352 and 1.3370, and at the time of writing the GBP/USD it is trading above 1.3369, gaining 0.58% on the day. The pair is very near nearly 12-week highs reached just before the 1.3381 data.
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