News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Pound Little-Changed on Upbeat UK Services PMI

Pound Little-Changed on Upbeat UK Services PMI

David Maycotte,

Talking Points:

  • UK Service PMI 58.2 in Feb vs. 58.0
  • British Pound Litte-Changed After Data Crossed the Wires
  • Spotlight Now on This Week’s Bank of England Meeting

Get Real-Time Feedback on Your Trades withDailyFX on Demand!

UK service-sector activity came in stronger-than-expected in the month of February as activity and new business growth rates remain sharp, but the headline Business Activity Index is at the lowest reading since last June. UK Service PMI recorded 58.2 in February, beating estimates calling for a print of 58.0. The British Pound was little-changed following the release but the soft economic data may put downward pressure on the British Pound as it may direct attention to eroding BOE monetary policy bets, according to DailyFX strategist Ilya Spivak.

GBP/USD 5-Minute Chart. March 5, 2014

Pound_Little-Changed_on_Upbeat_UK_Services_PMI__body_Picture_1.png, Pound Little-Changed on Upbeat UK Services PMI

Charted created by David Maycotte using Marketscope 2.0.

-- Written by David Maycotte, DailyFX Research Team. Questions, comments or concerns can be sent to

Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.