UK Markit/CIPS May services PMI reading 5 June
– lowest reading since Feb
– 55.8 prev
– composite 54.4 vs 55.5 exp vs 56.2 prev
– “prices changed” component falls to 52.7 vs 55.5, lowest since Feb 2016
Softer data sends GBPUSD down to 1.2865 from 1.2883. EURGBP a tad higher at 0.8758 but offers/res nearby.