United Kingdom Markit Services PMI came in at 55.5 below forecasts (55.6) in December

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Jan 6, 2016

USD/JPY reverts to 118.50 as risk-off dominates Europe

The fresh selling interest seen in the European equities and oil prices revived the bid tone in the Japanese yen, sending USD/JPY back towards midpoint of 118 handle.

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Jan 6, 2016

UK services PMI came in at 55.5, slightly below November's 55.9

Markit/CIPS services PMI released today showed growth stabilised in December in the service sector. The index fell slightly to 55.5, from 55.9 in November. It however managed to remain just above the long-run survey trend level of 55.2, indicative of solid overall growth.

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