UK Final Services PMI revised down to 52.6 in July vs. 53.3 expected

• UK Final Services PMI sees a downward revision to 52.6 in July.
• GBP/USD keeps its recovery mode intact around 1.2200 on the dismal data.
• Eyes on US-Sino tensions over Taiwan and US ISM Services PMI data.

The UK services sector activity expanded less than expected in July, the final report from IHS Markit confirmed this Wednesday. 

The seasonally adjusted S&P Global/CIPS UK Services Purchasing Managers’ Index (PMI) was revised lower to 52.6 in July versus 53.3 expected and a 53.3 – last month’s flash reading.

The S&P Global/CIPS UK Composite PMI arrived at 52.1 in July vs. 52.8 expected and 52.8 previous reading.

more to come ...