UK service sector gains momentum – TDS

FXStreet (Barcelona) - The TD Securities Team reviews the UK services PMI release, noting that the data today points to a solid performance post the soft May release.

Key Quotes

“The UK services sector regained momentum in June with nearly a 2-point rise in the PMI to 57.4. The details of the report were solid overall after a subdued performance in May. The new business and employment components were robust while new orders eased somewhat. Both input and output costs increased, reflecting the recent pickup in wage growth.”