Economic research institute, Markit, reported the British Services PMI index figure drop to 53.3 in September, from 55.6 in the previous month's figures. Analysts expect the index to rise to a level of 50.6 last month.
The services sector in the United Kingdom accounted for nearly 80 percent of overall economic activity and covers activities such as finance financial services, media financially, financial consultant, to sectors such as education and restaurants. Weak UK services PMI report this time is quite surprising, the article, the core data released earlier showed gains since the beginning of October, among them the construction data and manufacturing the strut to the pound sterling.
David Noble, Chief Executive at the Chartered Institute of Procurement & Supply noting that the weak growth in the services sector today is almost certainly caused by some of the global problems that hamper the sustainability of economic recovery some time past.
There is a good news showing that UK employment sectors showed gains that sigfnikan with a fairly steady level since June despite the companies also reported the impact caused by rising wages.
Sterling Fell
GBP / USD interested retreat from 1.5244 level. the highest level since September 25, to reach 1.5183 during the European session is, or can be quite stable in the past day. While against the Euro, Sterling was lying with EUR / GBP at 0.7418 range.
The US dollar itself was observed to vary in the face of currency-major currencies earlier this week. US Dollar Euro slack face, but strengthened counter-Yen on Monday (05/10) afternoon due to waning expectations US interest rates will rise after the data release of the Non Farm Payroll (NFP) were very disappointing in the US last weekend.
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