UK Services PMI drops to 50.6 in August vs. 51.0 expected (GBP keeps gains)

The UK Services sector activity slowed further its pace of expansion in August, the latest survey report from Markit Economics showed this Wednesday.

The headline seasonally adjusted IHS Markit/CIPS UK Services PMI Index fell to 50.6 in August vs. 51.4 booked in the previous month while missing expectations of 51.0.