UK May services PMI 54.0 vs 53.0 expected - ConsultFX

UK May services PMI 54.0 vs 53.0 expected

Latest data released by Markit/CIPS - 5 June 2018 Solid beats, and sterling jumps on the release. GBP/USD up to a high of 1.3360 from 1.3330 levels earlier. The services reading is the highest since February, and Markit points out that this means UK GDP is estimated to grow at a quarterly rate of 0.3% to 0.4%