GBP/USD stays below 1.34 after UK Preliminary Manufacturing PMI unexpectedly rises to 58.2 in November

• UK Manufacturing PMI surprises positively with 58.2 in November.
• Services PMI in the UK beats estimates with 58.6 in Nov.
• GBP/USD stays unimpressed below 1.3400 on upbeat UK PMIs.

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) unexpectedly improved to 58.2 in November versus 57.3 expected and 57.8 – October’s final reading.

Meanwhile, the Preliminary UK Services Business Activity Index for November surprised positively, arriving at 58.6 versus October’s final readout of 59.1 and 58.5 expected.

more to come ...