UK Final Services PMI revised down to 49.5 in Feb, GBP/USD stays below 1.40

• UK Final Services PMI sees upward revision to 39.5 in February.
• GBP/USD holds firmer just below 1.4000 on the UK data.
• Eyes on US ADP, ISM Services PMI amid a broadly subdued US dollar.

The UK services sector activity fell short of expectations in February, the final report from IHS Markit confirmed this Wednesday. 

The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised higher to 49.5 in February versus 49.7 expected and a 49.7 – last month’s flash reading.

more to come ....