UK Final Services PMI misses estimates with 58.8 in August, GBP/USD stays below 1.33

• UK Final Services PMI revised down to 58.8 in August.
• GBP/USD is off the lows but remains below 1.3300.
• Broad USD rebound remains intact, focus shifts to US data.

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

The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised lower to 58.8 in August versus 60.1 expected and a 60.1 – August’s first reading.

more to come ...